Soviet America: 52% of Americans Receive Significant Income from Government Programs
August 14th, 2007I hear that the Ministry of Freedom Fries has contractor positions available. Must have active Top-Secret/Sensitive Compartmented Information security clearance. Ability to lift 50 pounds unassisted.
Via: Christian Science Monitor:
Slightly over half of all Americans – 52.6 percent – now receive significant income from government programs, according to an analysis by Gary Shilling, an economist in Springfield, N.J. That’s up from 49.4 percent in 2000 and far above the 28.3 percent of Americans in 1950. If the trend continues, the percentage could rise within ten years to pass 55 percent, where it stood in 1980 on the eve of President’s Reagan’s move to scale back the size of government.
That two-decade shrink-the-government trend now appears over, if for no other reason than demographics. The aging baby-boomer generation is poised to receive big payments from Social Security and government healthcare programs.
“New Deal programs persist,” despite the Reagan revolution and its aftermath, says James Galbraith, an economist at the University of Texas in Austin. “They persist because they are largely successful and highly popular.”
Mr. Shilling’s analysis found that about 1 in 5 Americans hold a government job or a job reliant on federal spending. A similar number receive Social Security or a government pension. About 19 million others get food stamps, 2 million get subsidized housing, and 5 million get education grants. For all these categories, Mr. Shilling counted dependents as well as the direct recipients of government income.
