Thursday, October 14, 2010

Where will country be 50 years from now?

Government support for dependent persons has grown from $7,293 per person in 1962, to $31,950 per person today (adjusted for inflation).

132.5 million Americans either pay no income tax or live in a household that pays no income tax. This is up from just 34.8 million in 1984.

Social Security, Medicare and Medicaid eat up 41% of all non-interest federal program spending. Unchecked, this will grow to 62% over the next decade.


twest said...

It's funny to see European countries ending their social welfare, with several becoming bankrupt because of it. Why does this administration want to follow them when they are trying to follow us? We used to be the Big Dog, not the follower with it's nose in the ....

Mike West said...

Belly up to the government trough.