Posts Tagged Financially Supporting
August 8, 2012
There are more Americans dependent on the federal government than ever before in U.S. history. According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government. Many are enrolled in more than one. That is about a third of the entire population of the country. Sadly, that figure does not even include Social Security or Medicare. Today the federal government runs almost 80 different “means-tested welfare programs”, and almost all of those programs have experienced substantial growth in recent years. Yes, we will always need a “safety net” for those that cannot take care of themselves, but it is absolutely ridiculous that the federal government is financially supporting one-third of all Americans. How much farther do things really need to go before we finally admit that we have become a socialist nation? At the rate we are going, it will not be too long before half the nation is on welfare. Unfortunately, we will likely never get to that point because the gigantic debt that we are currently running up will probably destroy our financial system before that ever happens.
It is really hard to believe how rapidly some of these federal welfare programs have grown.
For example, the number of Americans on food stamps has grown from about 17 million in 2000 to 31.9 million when Barack Obama took office to 46.4 milliontoday.
The federal government spent a staggering 71.8 billion dollars on the food stamp program in 2011.
That sure is a lot of money to spend on food.
And I thought that my grocery bills were high.
Medicaid is also growing like crazy.
The number of Americans on Medicaid grew from 34 million in 2000 to 54 million in 2011.
Once upon a time, Medicaid was supposed to help the poorest of the poor get medical care. In fact, back in 1965 only about one out of every 50 Americans was on Medicaid.
But now about one-sixth of the entire country is on Medicaid.
Will we all eventually be on Medicaid?
And we all know that projections like that are usually way too low.
Other federal welfare programs are exploding in size as well.
For example, federal housing assistance increased by a whopping 42 percentbetween 2006 and 2010.
The chart posted below was produced by Senate Budget Committee Republican staff. As you can see, the number of Americans on welfare just continues to grow and grow and grow….
Keep in mind that the chart posted above does not even take into account the huge numbers of Americans that are on Social Security and Medicare.
In the United States today, more than 61 million Americans receive some form of Social Security benefits.
Just think about that.
That means that nearly one out of every five Americans is drawing on Social Security.
That is just crazy.
And in the years ahead we are going to see wave after wave of Baby Boomers retire and so the number of Americans drawing on Social Security is just going to keep going up.
The same kind of thing is happening with Medicare.
That sure does sound expensive.
If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.
That comes to approximately $328,404 for each and every household in the United States.
Will you be able to pay your share?
And that is just for Medicare.
The federal government just keeps becoming a bigger and bigger part of the health care industry.
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