This is unsustainable. At some point the lack of jobs will catch up with and then exceed the employed. Revenue will drop, and programs like this will cease to be viable. Without a plan to create jobs or make natural resources much more affordable or any cuts in the out of control spending on things the government has no business meddling with, this will fail as have all attempts at socialism.
But Obama will be long gone when that happens. I suppose that's the point.