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Recovery? Half of American Households Living on Government Benefits

massagethemedium Wrote: May 27, 2012 10:28 AM
The most astonishing thing about the message in this article is the abandonment of the broad assumption of Social Security and Medicaid as a paid-in benefit, instead of as the AP called it, the Government Dole. Admittedly for most retirees the overall benefit makes the programs above become more like welfare and not a pension. But that is more a result of the way Government takes the money in, gives it to Congress to Spend, never invests it even in itself (until recently). it could also give insight into What Barry II will Do? That is, bring back one of the balloons floated early in Barry I, the takeover of all private retirement accounts, as a way to fund the Welfare State. If I were a Marxist in the Closet, that's what I would do.
Liz772 Wrote: May 27, 2012 10:35 AM
I don't think our marxist president is even in the closet anymore, every time he opens his mouth he spews his marxism for all Americans to hear.

Some astoundingly grim news on the "economic recovery" front: half of American households are receiving government funds to support themselves. No matter which way you slice it, this number isn't good news for the Obama administration -- they can spin the jobs numbers by ignoring the number of people who dropped out of the workforce, but this statistic is pretty straightforward.

The 49.1% of the population in a household that gets benefits is up from 30% in the early 1980s and 44.4% as recently as the third quarter of 2008.

The increase in recent years is...