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Handout Nation

by coldwarrior ( 4 Comments › )
Filed under Economy, Headlines, taxation at May 26th, 2012 - 2:11 pm

 

Our once proud, hard working nation has been reduced to the level of this:

 

49.1%: Percent of the population that lives in a household where at least one member received some type of government benefit in the first quarter of 2011.

The more people who receive benefits, the harder it’s going to be to make cuts, and it’s never popular to raise taxes. In some respects that argues for letting a combination of tax increases and spending cuts that is set to automatically hit in 2013 take effect. There’s just one problem: the Congressional Budget Office says it would sink the economy into recession.

Letting the 2013 provisions come into force would be like dealing with a weight problem by cutting off your right arm. It may not be popular, but a long-term, well-planned diet is the only solution.

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4 Responses to “Handout Nation”
( jump to bottom )

  1. mfhorn
    1 | May 26, 2012 5:03 pm

    Great. I am the 49.9%.


  2. The Osprey
    2 | May 26, 2012 5:26 pm

    This 49.9% figure needs to be broken down to make sense. How much of this 49.9% are military retirees on pensions or senior citizens on social security (who payed into it during their working years) versus those who are truly
    living a parasitic existence off of the taxpayers?


  3. coldwarrior
    3 | May 26, 2012 5:33 pm

    @ The Osprey:

    the end result is the same.

    the govt isnt like a factory that produces a profit and can pay retireees out of profit. the money to pay anyone who accepts money from the govt is the working tax payer. at some point this game comes to an end, it is unsustainable in the present form.


  4. ThreeHundred
    4 | May 27, 2012 1:37 am

    Half the people pay no fed income taxes and now half the households are inhabited by people on the public dole…enough of this. The makers starting to feel abused by the takers.


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