Gov. Handouts Now Exceed Gov. Tax Revenues

Discussion in 'Politics' started by pspr, Apr 20, 2011.

  1. pspr

    pspr

    This is the core of the problem with America today.

    U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.

    Government cash handouts account for a whopping 79% of household growth since 2007. Somehow the DNA of our country is changing. Wealth creation is coming from DC, not from America’s entrepreneurs.

    In short, Americans have the government, not private enterprise, to thank for their wealth growth.


    http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/