John Melloy writes about the Welfare State: Handouts Make Up One-Third of U.S. Wages
Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement.
Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data.
This is a particularly disturbing trend; while many recipients of Social Security and Medicare benefits pay federal taxes, having 35% of wages and salaries coming from the government, in addition to fewer than 50% of wage earners pay federal taxes is a recipe for disaster.
A recipe, by the way, concocted by the politicians of both parties and particularly by the Obama administration,
Social welfare benefits have increased by $514 billion over the last two years, according to TrimTabs figures, in part because of measures implemented to fight the financial crisis.
Doug Ross has the graphics (click to enlarge),
Politicians foster this because they know that a welfare nation will continue to vote them into office. That’s what they mean by “change“.