Census Bureau says 86 million private sector workers are supporting 148 million benefit takers...
Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know. It is 86,429,000.
That is the number of Americans who in 2012 got up every morning and went to work — in the private sector — and did it week after week after week.
These are the people who built America, and these are the people who can sustain it as a free country. The liberal media have not made them famous like the polar bear, but they are truly a threatened species.
All told, including both the welfare recipients and the non-welfare beneficiaries, there were 151,014,000 who "received benefits from one or more programs" in the fourth quarter of 2011. Subtract the 3,212,000 veterans, who served their country in the most profound way possible, and that leaves 147,802,000 non-veteran benefit takers.
The 147,802,000 non-veteran benefit takers outnumbered the 86,429,000 full-time private sector workers 1.7 to 1.
How much more can the 86,429,000 endure?
86 million Full-Time Private-Sector Workers Sustain 148 million Benefit Takers
Yes, this is the reality. What are we going to do about it? Republicans want to stick their heads in the sand and hope it goes away. Well it is not going to. The world is changing and we need to grow the economy to keep up.
" Republicans want to stick their heads in the sand blah blah blah....."
Wait.....did you just blame Republicans for not growing the economy???????
What kind of idiot hasn't noticed who has been in charge for five years????
Tutorial coming up:
1.More than 6.7 million more Americans have been plunged into poverty since Obama became President.
2.Real household income is down 5%
3. Consumer prices are up 10.2%
4. Total federal debt is up 58%
5. Gasoline prices are up 82%
6. Food stamp recipients up 49%
7. Debt held by the public is up 89%
However, the Obama administration recently projected an annual deficit of $750 billion in the fiscal year that began Oct. 1, and $626 billion the year after. At that rate, the debt owed to the public will more than double during the Obama presidency.
As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office.
The same story applies to family income, which includes many families with two earners. (The “household” figure includes single persons living alone, as well as families.) Median family income in 2012 was $62,241, or 5.1 percent below the inflation-adjusted 2008 level.
The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures.
8. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.
Obama?s Numbers, October Update
9... in today’s recovery — the slowest in the modern era going back to 1947 — private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery.
Big Business Swings Behind a Mantra of Growth - The New York Sun
10. Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama
Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama | NewsBusters
11. . ".... the... [dollar] has today a value of barely a 1,250th of an ounce of gold, a staggering plunge from an 853rd of an ounce on the day Mr. Obama took office...."
Fiat Wages - The New York Sun
12. "CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made
Federal deficits have soared between 2009 and 2012, bring the total long-term debt to a level equal to 73 percent of the nation’s GDP. “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar.”
CBO says deficits slated to shrink in coming years, but will soar again if spending or tax changes are not made | Dallas Morning News
13. "Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession
. ...the Census Bureau's Current Population Survey ....indicate that the real (inflation-adjusted) median annual household income in America has fallen by 4.4 percent during the "recovery," after having fallen by 1.8 during the recession.
Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard