Financially upside down


POSTED: Thursday, April 21, 2011 - 7:18pm

UPDATED: Tuesday, April 26, 2011 - 9:01pm

When this story broke this was one of those stories you have to stare at few few minutes and make sure you have it right.

But, unfortunately, I read it correctly.

From Fox Business ---U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.

Households received $2.3 trillion in some kind of government support in 2010.

That includes expanded unemployment benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things.

But that's more than the $2.2 trillion households paid in taxes, an amount that has slumped largely due to the recession, according to an analysis by the Fiscal Times.

And the handouts from the government have been growing.

That is a tough feeding trough to take away from voters.

Back a long time ago many people didn't want to be on what was called "relief."

Folks wanted to do for themselves.

But, thats to a bunch of smart politicians...who realized there is gold in handing other people money....the dole has become a way of life.

Now we have generations who think getting a check from uncle sugar is a right..and a way of life.

I mean...why the hassle if you can get someone else to pay?

It used to be people who created wealth and provided jobs were seen as a good thing.

But, through political demogagory, anyone who creates wealth now- a- days is a target--unless it's an entertainer...getting money from a big production company--- who speaks out or writes songs about how greedy other rich people are.

You can laugh all you want.

Government doesnt create anything....except the mess we're in right now.

That's my point of view..what's yours?

You can email me at

Comments News Comments

"---U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression."
Why not just let the people keep their own money in the first place instead of running it through the hands of Government redistributors who skin more than their fair share off the Top. But then the Liberal Gods of Self and Self-Interest would lose control over their Self-Proclaimed Socialist Utopia which is becoming a real hell on earth.

Much talk these days about Social Security Insurance reform, the Republican "Ryan" Plan, Obamas' promise to appoint a board to look into the matter, most interesting is the reform you don't hear being discussed. In 2008, at the begining of the recession our congress was busy extending SSI benefits to refugees. A refugee never pays into SSI, but is entitled to benefits just the same. In the following reply are two links addressing this extension and the congressmen responsible.

People still do not understand that "Social Security" is an oxymorn. It says one thing but means the complete opposite. There's NO SECURITY IN SOCIALISM, hence no social security. Hope you sheep that relied on the on the bad socialist shepherds to guide you to their green pasture utpoia of retirement have put some of your own hard earned money away. It gets cold out there for a sheep that has been shorn. Being hooked by their sociaist shepherds' crook should have warned you they were real crooks
Though Ronald Regan won the cold war by economically bankrupting the Russians, the American Taxpayer eventually became the big loser. The entitlements to refugees from Russia escapes the media's attention and Ben Bernanke prints more dollars making your savings worthless. It's not your childrens future at stake, it is you future, and it is coming soon.

Uh... this "statistic" came from Fox?

Should we be surprised. This is what we've been demanding from our gov't for the last 70yrs.or more. Now that we can no longer afford it we will be facing riots starting with the lowest income class, entitlement class, and yes, most likely the union memberships.

Not 70 years, but since 1964. To be more specific would result in my free speech being denied.

Umm, try 1932 if not before. 1964 brought about a new form of slavery and static poverty for the black community in the form of welfare.

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