http://www.arktimes.com/arkansas/their-own-reality/Content?oid=2532943 Comments On: Their own reality by Tom Tomorrow en-us Copyright 2013 Arkansas Times. All rights reserved. This RSS file is offered to individuals, Arkansas Times readers, and non-commercial organizations only. Any commercial websites wishing to use this RSS file, please contact Arkansas Times. robert@arktimes.com (Arkansas Times Webmaster) Wed, 22 May 2013 00:00:01 -0500 Wed, 22 May 2013 21:45:00 -0500 Foundation http://blogs.law.harvard.edu/tech/rss Posted by LeShan Jones]]> Tue, 04 Dec 2012 22:53:46 -0600 Arkansas Times
The census bureau says 108 million Americans live in households where at least one person participates in a means-tested program. That number has been growing rapidly since Obama took office.

Medicaid has grown from 46.9 million to 56 million people.

Disability beneficiaries have increased from 7.5 million to 8.8 million people.

The food-stamp program has grown from 32 million to 47 million people.

40 million Americans are 65 and older drawing Social Security.

Now add the 16 million who will be added to Medicaid in the health care law and the 12 million who enter the health care exchanges in 2014.

The country is spending roughly 2.2 trillion of its 3.7 trillion budget on entitlement programs. The cost of entitlements and government debt are nearly equal to the entirety of federal revenues. The US is borrowing 40% of its federal budget, 60% by the Federal Reserve Bank, similar to the depressed countries of Greece and Spain.

Who is paying:

The Tax Policy Center says 76.6 million filers pay both federal income and payroll taxes. 40 million pay only the payroll tax. That number is declining as the 77 million baby boomers begin to retire at a rate of 10,000 per day.

Every major entitlement program has grown significantly under President Obama but he has not said a word about a plan to address the unsustainable financial future facing the country that the journalists at the Arkansas Times believe is an altered reality!

On the day that investors will not lend the US government even one more dime is the day the second great depression begins and the day the people the Democrats claim to have so much concern for will have nothing but worthless dollars and worthless entitlement programs. That day is coming sometime in the next decade. Where will the the Arkansas Times journalists be then?
Posted by Thomas Pope]]> Tue, 20 Nov 2012 21:13:09 -0600 Arkansas Times