Pre-Election Special SALE: 60% Off VIP Membership
BREAKING: Supreme Court Rules on Whether Virginia Can Remove Non-Citizens From Voter Rolls
Tim Walz's Gaming Session With Ocasio-Cortez Was a Trainwreck
Oregon Predicates Request to Judge on Self-Delusion
GDP Report Shows Economy 'Weaker Than Expected'
How Trump Plans to Help Compensate Victims of 'Migrant Crime'
NRCC Blasts the Left's Voter Suppression Efforts in Battleground Districts
Watch Trump's Reaction to Finding Out Biden Called His Supporters 'Garbage'
Scott Jennings Calls Out CNN Host, Panelists Trying to Desperately Explain Away Biden's...
There Was a Vile, Violent Attack in Chicago, and the Media's Been Silent....
One Red State Just Acquired a Massive Amount of Land to Secure Its...
Poll Out of Texas Shows That Harris Rally Sure Didn't Work for Colin...
This Hollywood Actor Is Persuading Christian Men to Vote for Kamala Harris
Is the Trump Campaign Over-Confident?
Is This Really How the Kamala HQ Is Going to Respond to Biden’s...
Tipsheet

1 in 2 Americans Dependent on Federal Government

 
As reported today in the Christian Science Monitor, a study prepared by economist Gary Shilling has found that 1 in 2 Americans now receive income from federal government programs, an increase from from 1 in 4 in 1950.  It is apparant that entitlements like Social Security and government healthcare programs are largely the source of this increased dependency on the government. The budgetary reality of these increases must be confronted.
Advertisement
 
You can read the article here.

"Healthcare and Social Security are the big programs poised for growth, thanks to the arc of the baby-boom generation, longer lifespans, and rising medical costs. Insurance-style programs also include farm subsidies and efforts to relieve poverty."

"You do have the yearning for cradle-to-grave paternalism, but as Americans you also have the carry-over of the frontier spirit" of individual opportunity, says Shilling. "That's the trade-off that will define the scope of government," he says.

"European nations have shown that advanced economies can maintain generous social-welfare programs, but...these nations pay a price of more tepid growth. Sweden...has in recent years dropped off the global Top 10 list for per-capita output. Ireland, by contrast, has kept the government burden low and enjoyed rapid economic growth."

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement