The two “D’s,” debt and dependency, are taking America down the path towards doom. You already know about the debt, but you may not have realized quite how bad the dependency has gotten.
As quantitied, and explained by Alexander, “the single mom is better off earning gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.”
But perhaps the scariest chart in the entire presentation is the following summarizing the unsustainable welfare burden on current taxpayers:
For every 1.65 employed persons in the private sector, 1 person receives welfare assistance
For every 1.25 employed persons in the private sector, 1 person receives welfare assistance or works for the government.
We’re almost to the point where everybody who works for a living will either have his own welfare recipient or government employee to support — and that’s before we even take into account Medicare and Social Security, both of which are running in the red right now.
You can talk about nice and mean, fair and unfair, good and bad — but at the end of the day, somebody still has to pay for all this stuff and we’re rapidly running out of those people.