Government Handouts Top Tax Revenues For First Time Since Great Depression
Government Handouts Top Tax Revenues For First Time
Since Great Depression] "...Households have become unusually dependent on the
government for income support and removing that prop too fast could put the
recovery at risk..." Full text:
Government Handouts Top Tax Revenues For First Time Since Great Depression
What "recovery"?--S&P rating.
Are you proud of American becoming
a nation of takers not makers?
Response to comment [from a Christian]: "So Social Security is a handout? Medicare is a handout?"
Do you believe America can go bankrupt?
[US to borrow 46 cents for every dollar spent| 5/11/2009 AP] "WASHINGTON – The
government will have to borrow nearly 50 cents for every dollar it spends this
year, exploding the record federal deficit past $1.8 trillion under new White
House estimates. Budget office figures released Monday would add $89 billion to
the 2009 red ink — increasing it to more than four times last year's all-time
high as the government hands out billions more than expected for people who have
lost jobs and takes in less tax revenue from people and companies making less
money..."
US to borrow 46 cents for every dollar spent
[Can American go bankrupt] "No nations don't go bankrupt..."
"Debt service is a small fraction of the total budget."
See:
U.S. Debt Clock
Are you interested in raising the GDP? How should we go about doing that?
Government Handouts Top Tax Revenues For First Time Since Great Depression