For those of you who are clamoring for smaller government, this statistic isn’t going to sit well with you. For those of you who are concerned that we will never again see the days of a society based on self reliance, this statistic isn’t going to sit well with you. For those of you who are worried about our spending levels, this statistic isn’t going to sit well with you. Here’s how large and inefficient our government has become, benefiting only the moochers of society …
There are 77 federal programs that provide benefits specifically to poor and low-income Americans.
How many different “benefits” can we provide for the “poor” in America? Housing subsidies, heating subsidies, food stamps, healthcare .. where does it end? The fact is that it is not going to end; it is only going to grow larger and consume us. This, from the Republican Study Committee.
… combined state and federal welfare spending has almost doubled since 1996. Since President Lyndon Johnson declared a War on Poverty in 1964, Americans have spent around $16 trillion on means-tested welfare. We will spend another $10 trillion over the next decade based on recent projections.
What do we have to show for this spending? “Even with all these resources devoted to assistance for the poor, poverty is higher today than it was in the 1970s.” Beyond the poor, poor pitiful poor .. entitlement spending will cripple us. No, I’m not being dramatic, I’m being realistic. After reading the following statistic, you should be marching on Washington with pitchforks, demanding that our politicians do something about entitlement spending. If they know that your vote depends on their cuts to entitlement spending rather than their continued efforts to maintain the status quo, then you may be able to get somewhere. But you are going to have to demand it. So here we go with some facts from the Cato Institute..
The vast majority of future debt is driven neither by defense nor discretionary programs but by so-called entitlement programs, three in particular: Social Security, Medicare, and Medicaid. In fact, by 2050, those three programs alone are expected to consume every penny that the federal government raises in taxes. That means that everything else that the government does, from domestic programs to national defense, including paying interest on the federal debt, will have to be paid for through still more debt, or else government will have to raise taxes to astronomical levels. As the full burden of entitlement programs kicks in, the federal government will consume more than 40 percent of GDP by the middle of the century. Again, half of that will be for Social Security, Medicare, and Medicaid.
How old will your children be in 2050? If you are nurturing an infant right now, that child will be 39 years old … the prime of life … in 2050. Think about that. Do you want your children to grow up to be productive members of society? Do you think that they will want every last penny of their taxes going toward the funding of the moocher society?