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View Full Version : Wow ......... about 20% of Americans' income comes from the government ...


SilverPutz
07-11-2011, 12:28 AM
According to this NYT article, about $2 of every $10 in Americans' income comes from the government.

And in some states, this amount is even more.

Here is a link to this article .........

http://www.nytimes.com/2011/07/11/business/economy/as-government-aid-fades-so-may-the-recovery.html?hp

dyodd

Thanks .........

coindog
07-11-2011, 01:29 AM
at first I thought that number seemed low but then I realized they were talking about out of the total money not the % of people. the scary part is way more than 20% of people get govt. money so if thay dries up social unrest is not far behind that. that's the part to worry about. in Euro land protests and riots are mostly against the govt with some property destruction, here they all turn into big looting events with a lot more violence and shooting on both sides.

high5flyer
07-11-2011, 01:59 AM
If Democrats get their way, then they will continue to borrow money from the future and spend it to keep all the people quiet and happy, but lower the standard of living. INFLATION. If the Republicans get their way, then they will significantly cut spending, people will not have as much money and unrest will ensue, but the standard of living will potentially be preserved. DEFLATION. Should we continue being dumbed down and let the can be kicked down the road onto future generations or should something actually be done about the problem to the point where people will get upset and riot? Which one is better? keep living the lie or stand up for what is right? I don't think the culture at this point in American history is ready for the cuts that need to be made. Too much sense of entitlement has been put in them over the decades. What do others think?

My prediction is a little bit of both.
Our "leaders" will make a compromise just before the deadline. It will be nothing that will truly fix the monumental problem of debt we have, but the market will take it as a great thing compared to what could have happened and soar.

Silverspur
07-11-2011, 07:38 AM
If Democrats get their way, then they will continue to borrow money from the future and spend it to keep all the people quiet and happy, but lower the standard of living. INFLATION. If the Republicans get their way, then they will significantly cut spending, people will not have as much money and unrest will ensue, but the standard of living will potentially be preserved. DEFLATION. Should we continue being dumbed down and let the can be kicked down the road onto future generations or should something actually be done about the problem to the point where people will get upset and riot? Which one is better? keep living the lie or stand up for what is right? I don't think the culture at this point in American history is ready for the cuts that need to be made. Too much sense of entitlement has been put in them over the decades. What do others think?

My prediction is a little bit of both.
Our "leaders" will make a compromise just before the deadline. It will be nothing that will truly fix the monumental problem of debt we have, but the market will take it as a great thing compared to what could have happened and soar.



Tisk Tisk, you have forgotten to "directly state" one essential point that still screams through,

This one essential point is:

The Democrats continue to borrow money and spent lavishly on social and welfare related programs to KEEP a certain percentage of voters at the public feeding trough, TO KEEP THEMSELVES IN POWER.

This is in addition to their slavish devotion to the SEIU and other unions (at one time the AFL-CIO and the UAW, but these two are on the decline and the SEIU is on the rise.

The Republicans (Blue Bloods) will continue to cut big businesses significant breaks, in taxes and regulations, to continue the pretty much unbroken line of big donations also trying to keep themselves in power.

For the country to survive we need a plain spoken "honest" person who has NO connections to any of these various entities. It comes down to "will the support of the people trump the financial support of the big donors and lobbyists".

:( :(

AlbyVA
07-11-2011, 10:29 AM
According to this NYT article, about $2 of every $10 in Americans' income comes from the government.

And in some states, this amount is even more.

Here is a link to this article .........

http://www.nytimes.com/2011/07/11/business/economy/as-government-aid-fades-so-may-the-recovery.html?hp

dyodd

Thanks .........




Damn Socialist...