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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, September 15, 2010

Obstacle to Deficit Cutting: A Nation on Entitlements - WSJ.com

Efforts to tame America's ballooning budget deficit could soon confront a daunting reality: Nearly half of all Americans live in a household in which someone receives government benefits, more than at any time in history.

At the same time, the fraction of American households not paying federal income taxes has also grown—to an estimated 45% in 2010, from 39% five years ago, according to the Tax Policy Center, a nonpartisan research organization.
When governments think that they are 'doing good' by redistributing wealth, inevitably, as experieinced in the US, it gets completely out-of-control.

So, look at the statistics above. Fewer people pay taxes, largely its the 'rich' or in other words, people that work hard, save, employ people and are successful get whacked and vilified and the rest live off of these others. More-and-more are collecting monetary benefits and it is only going to get worse. Americans are now addicted to their handouts and in addition, people have been paying into these programs for a lifetime, and now when it comes their time to collect, there is nothing left for them. The programs in the US as well as in Europe were a demographic indulgence where large populations of working people supported much smaller populations of people on the dole. This no longer exists and and the demographics will only get worse over the next couple of decades.

Good luck, USA, by embracing socialism over the past 70 years, you have put yourself in a position

Obstacle to Deficit Cutting: A Nation on Entitlements - WSJ.com


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