Tipping Point…

From Hot Air:

Gov’t handouts exceed taxes as percentage of average household income for first time since 1936

Think that BIG CUT in government spending that congress just announced will help?  Think again…

In February, households received more than $2.3 trillion in income support from unemployment benefits, Social Security, disability insurance, Medicare, Medicaid, veterans’ benefits, education assistance and other cash transfers of government funds to individuals. In the same month, households paid $2.2 trillion in income, payroll, and other taxes. The difference was about $150 billion, equivalent to more than 1 percentage point of overall personal income and about four times the amount Republicans and Democrats agreed to cut from government spending through Sept. 30.

Well and Truly…

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One Response to “Tipping Point…”

  1. Stevec Says:

    Somehow I’m always in the red

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