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Government Cash Handouts Now Top Tax Revenues

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Government Cash Handouts Now Top Tax Revenues

Post by Guest on Wed Apr 20, 2011 6:16 pm

Government Cash Handouts Now Top Tax Revenues

U.S. households are now getting more in cash
handouts from the government than they are paying in taxes for the
first time since the Great Depression.


Households received $2.3 trillion in some
kind of government support in 2010. That includes expanded unemployment
benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things.


But that’s more than the $2.2 trillion
households paid in taxes, an amount that has slumped largely due to the
recession, according to an analysis by the Fiscal Times.


And the handouts from the government have
been growing. Government cash handouts account for a whopping 79% of
household growth since 2007, even as household tax payments--for things
like the income and payroll tax, among other taxes--have fallen by $312
billion.


That is a tough feeding trough to take away from voters.
Read more: http://www.foxbusiness.com/markets/2011/04/20/government-cash-handouts-exceed-tax-revenues/#ixzz1K6WvwE2X

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Re: Government Cash Handouts Now Top Tax Revenues

Post by stilllooking on Wed Apr 20, 2011 6:22 pm

If they could find a way to bring our jobs back they wouldn't have this problem.
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Re: Government Cash Handouts Now Top Tax Revenues

Post by truth on Wed Apr 20, 2011 6:39 pm

Fox chooses to use the word "handouts" for unemployment benefits, Social Security, Medicaid etc. Nothing new there.

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Re: Government Cash Handouts Now Top Tax Revenues

Post by pugsrit on Wed Apr 20, 2011 6:44 pm

I am going to take this a large grain of salt since it is a foxbusiness.com source.
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Re: Government Cash Handouts Now Top Tax Revenues

Post by Guest on Wed Apr 20, 2011 7:25 pm

And this data shows that THERE ARE NO JOBS!!!!!

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Re: Government Cash Handouts Now Top Tax Revenues

Post by elvis44102 on Wed Apr 20, 2011 7:28 pm

there are 114 million households....

3.2 trillion / 114 million = 28,000$ per household, i did not get my 28,000$ maybe my math is wrong????
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Re: Government Cash Handouts Now Top Tax Revenues

Post by Guest on Thu Apr 21, 2011 12:10 am

truth wrote:Fox chooses to use the word "handouts" for unemployment benefits, Social Security, Medicaid etc. Nothing new there.

Exactly!

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