This is a great article that showcases how poorly ran the Government really is.
Government Cash Handouts Now Top Tax Revenues
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.
Also, an estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau, based on 2009 data. An estimated 46.5 million get Social Security; 42.6 million get Medicare; 42.4 million get Medicaid; 36.1 million get food stamps; 12.4 million get housing subsidies; and 3.2 million get Veterans' benefits.
And the handouts from the government have been growing. Government cash handouts account for a whopping 79% of household growth since 2007, even as household tax payments--for things like the income and payroll tax, among other taxes--have fallen by $312 billion.
That is a tough feeding trough to take away from voters.
One of the recurring themes FOX Business has been covering is “how the world has been turned upside down – well, the business world at least,” notes FOX Director of Business News, Ray Hennessey. “In a free market, profit is generated by hard work and enterprise," Hennessey notes, adding: “Because of the labor of the worker, companies generally have the ability to prosper and make more money, both for their employees and their owners," which in turn creates tax revenues.
Seems like common sense, right? That’s because it is. But not in our country today. Somehow the DNA of our country is changing. Wealth creation is coming from DC, not from America’s entrepreneurs.
In short, Americans have the government, not private enterprise, to thank for their wealth growth.
Read more: http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/#ixzz1KDz7B27m
When will taxing the "rich" rhetoric be shown for what it is? This old playbook is just that, OLD! Let's get some new people in government that actually want to help American's get wealthy and get regulations and government off the peoples back! Now that's the All Right Idea!