From Hot Air:
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.
Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.
The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. “This is really important,” Grimes says.
This comes before the federal health-insurance subsidies hit in 2014, too. That program provides federal welfare payments to families making less than $88,000 a year who buy their health insurance through the state-run individual exchanges. As more employers dump health-insurance coverage (and they will), more Americans will move into the dependent class despite making as much as 400% above the poverty level and better household income than 60% of their fellow Americans.
It’s more than just unsustainable. We were already on an unsustainable path before Barack Obama got elected President, with pending entitlement disasters in Medicare and Social Security threatening financial oblivion. In the past sixteen months, we’ve doubled down on disaster, and the accelerated redistribution of wealth through entitlements has us careening towards it at breakneck speed.
Showing posts with label deficits. Show all posts
Showing posts with label deficits. Show all posts
Tuesday, May 25, 2010
Wednesday, April 21, 2010
80% of Americans Don't Trust Government
Only 4 out 5 Americans don't trust government. Obama and his cohorts in the Senate and Congress have place the United States on a path to a banana republic, and Americans have woken up to that fact.
From the AP:
From the AP:
Public confidence in government is at one of the lowest points in a half century, according to a survey from the Pew Research Center. Nearly 8 in 10 Americans say they don't trust the federal government and have little faith it can solve America's ills, the survey found.
The survey illustrates the ominous situation President Barack Obama and the Democratic Party face as they struggle to maintain their comfortable congressional majorities in this fall's elections. Midterm prospects are typically tough for the party in power. Add a toxic environment like this and lots of incumbent Democrats could be out of work.
The survey found that just 22 percent of those questioned say they can trust Washington almost always or most of the time and just 19 percent say they are basically content with it. Nearly half say the government negatively effects their daily lives, a sentiment that's grown over the past dozen years.
This anti-government feeling has driven the tea party movement, reflected in fierce protests this past week.
"The government's been lying to people for years. Politicians make promises to get elected, and when they get elected, they don't follow through," says Cindy Wanto, 57, a registered Democrat from Nemacolin, Pa., who joined several thousand for a rally in Washington on April 15 — the tax filing deadline. "There's too much government in my business. It was a problem before Obama, but he's certainly not helping fix it."
Majorities in the survey call Washington too big and too powerful, and say it's interfering too much in state and local matters. The public is split over whether the government should be responsible for dealing with critical problems or scaled back to reduce its power, presumably in favor of personal responsibility. About half say they want a smaller government with fewer services, compared with roughly 40 percent who want a bigger government providing more. The public was evenly divided on those questions long before Obama was elected.
Labels:
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Tuesday, April 6, 2010
Truth About Tea Party Demos Ignored By MSM
After I watched the setup video op to demonize the Tea Party protest during the health care vote, I knew the liberals and MSM don’t get it. When they couldn’t bait the tea party participants to hurl racial slurs or become violent, the Democrat congress critters made it up. The MSM lapped up the talking points without fact checking. Nothing radical or racist happened. There were videos of the event from all angles and had something happened we’d have seen the video a thousand times by now.
The fact is that the Tea Parties are just peaceful assemblies by patriots, who realize that our government is overspending and taxing us to death. But here’s something more for the MSM and the liberals to choke on… the Tea Parties are 40% Independents and Democrats. Demographically, the tea parties represent and accurate breakdown of all Americans, not just white people.
H/T to Sistertoldjah:
Four in 10 Tea Party members are either Democrats or Independents, according to a new national survey. The findings provide one of the most detailed portraits to date of the grassroots movement that started last year.The national breakdown of the Tea Party composition is 57 percent Republican, 28 percent Independent and 13 percent Democratic, according to three national polls by the Winston Group, a Republican-leaning firm that conducted the surveys on behalf of an education advocacy group. Two-thirds of the group call themselves conservative, 26 are moderate and 8 percent say they are liberal. The Winston Group conducted three national telephone surveys of 1,000 registered voters between December and February. Of those polled, 17 percent – more than 500 people — said they were “part of the Tea Party movement.”
“It’s a good sample size,” said David Winston, the polling firm’s director. “It will certainly give us an initial base to follow where these folks are.”
The group is united around two issues – the economy/jobs and reducing the deficit. They believe that cutting spending is the key to job creation and favor tax cuts as the best way to stimulate the economy. That said 61 percent of Tea Party members believe infrastructure spending creates jobs. Moreover, given the choice Tea Party members favor 63-32 reducing unemployment to 5 percent over balancing the budget.
The breakdown is as follows:
49% Republican
43% Independent
8% Democrat
70% Conservative
22% Moderate
8% Liberal
Ah, yes, facts vs. liberal spin is truly a refreshing thing. Don’t forget to sign up for our social networking site for patriots www.uglygov.com. Create a profile, and share your ideas, your blogs, your events. Help take America back.
The fact is that the Tea Parties are just peaceful assemblies by patriots, who realize that our government is overspending and taxing us to death. But here’s something more for the MSM and the liberals to choke on… the Tea Parties are 40% Independents and Democrats. Demographically, the tea parties represent and accurate breakdown of all Americans, not just white people.
H/T to Sistertoldjah:
Four in 10 Tea Party members are either Democrats or Independents, according to a new national survey. The findings provide one of the most detailed portraits to date of the grassroots movement that started last year.The national breakdown of the Tea Party composition is 57 percent Republican, 28 percent Independent and 13 percent Democratic, according to three national polls by the Winston Group, a Republican-leaning firm that conducted the surveys on behalf of an education advocacy group. Two-thirds of the group call themselves conservative, 26 are moderate and 8 percent say they are liberal. The Winston Group conducted three national telephone surveys of 1,000 registered voters between December and February. Of those polled, 17 percent – more than 500 people — said they were “part of the Tea Party movement.”
“It’s a good sample size,” said David Winston, the polling firm’s director. “It will certainly give us an initial base to follow where these folks are.”
The group is united around two issues – the economy/jobs and reducing the deficit. They believe that cutting spending is the key to job creation and favor tax cuts as the best way to stimulate the economy. That said 61 percent of Tea Party members believe infrastructure spending creates jobs. Moreover, given the choice Tea Party members favor 63-32 reducing unemployment to 5 percent over balancing the budget.
The breakdown is as follows:
49% Republican
43% Independent
8% Democrat
70% Conservative
22% Moderate
8% Liberal
Ah, yes, facts vs. liberal spin is truly a refreshing thing. Don’t forget to sign up for our social networking site for patriots www.uglygov.com. Create a profile, and share your ideas, your blogs, your events. Help take America back.
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