Tuesday, May 25, 2010

And who, pray tell, will pay for all this?

From USA Today:
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.
This is one of the biggest reasons for the rise of the Tea Parties: the steady increase of massive government spending at the expense of the productive people of this country. It can't last. It won't last.

"If a nation expects to be ignorant and free... it expects what never was, and never will be." -Thomas Jefferson

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