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Benefit spending soars to new high

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posted on Jun, 4 2009 @ 11:39 AM
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Benefit spending soars to new high


www.usatoday.com

Benefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income in the first quarter of 2009, the Bureau of Economic Analysis reports. That's the highest percentage since the government began compiling records in 1929.

In all, government spending on benefits will top $2 trillion in 2009 — an average of $17,000 provided to each U.S. household, federal data show. Benefits rose at a 19% annual rate in the first quarter compared to the last three months of 2008.

(visit the link for the full news article)




posted on Jun, 4 2009 @ 11:39 AM
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YIKES...16.2 percent of everyone's personal income?

If ever there were an indicator of what a predicament we are in, this is it. The highest level of gov dependency for survival since the Great depression.

I don't see how its going to be getting any better either with hundreds of thousands of jobs waving bye-bye each month, and idiots like the oil industry and wall street speculators upping the costs of fuel, which creates further ripple effects on food prices, etc...

This is really sad...

www.usatoday.com
(visit the link for the full news article)



posted on Jun, 4 2009 @ 11:52 AM
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It's just part of 'the plan'.

16.2% is small-fry; let's speculate and say it soars to 80%. That figure is unsustainable and that is when the culling of the wheat from the chaff will begin.

TPTB will start a filtration process of limiting payments (through RFID and monetary management) and forcing GM food on those with food stamps. This GM food will have nanobots to destroy the DNA helix making them sterile, thus eliminating a whole generation of potential benefit claimants.




posted on Jun, 4 2009 @ 02:39 PM
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reply to post by DimensionalDetective
 


I saw this story, and reading it am shocked. 16%!
In California already this years budget is shot, and the states wallet in empty...with half the year still to go!


California is one state still in the nation that will give benefits immediately to the poor, transient, and homeless, and desperate. In the counties here you can apply and get money the same day...and food stamps the next.

Some poeple really need this kind of help...others come to rely on it.
But no matter what....too many takers and not enough money.

Seriously...though California like many states has an income tax...I wonder what they spend all the tax dollars on? Insane...just insane!



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