The Land of the Free, the Home of the Brave
1 in 5 Americans are receiving Government assistance
Remember the Lone Ranger? That rugged individual who stood for truth and justice and lived on his own? How about the other cowboy heroes? Whatever happened to them? Whatever happened to us?
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The Heritage Foundation’s “Index of Dependence on Government” also finds that the average American relying on federal government assistance receives $300 more in benefits ($32,748) annually than the average American’s disposable personal income ($32,446).
Editor: This issue of particular interest because federal government assistance (Medicare, Medicaid, etc.) accounts for about 54% of the Federal budget. Furthermore, according to White House figures, the Federal Government “earned” only 64 cents of each dollar it spent in 2011. The rest was borrowed. So, basically the Federal Government earned just enough to cover its assistance programs plus the interest on the debt it is accumulating. Everything else – defense and all other programs – the Federal Government does using borrowed money.
http://www.whitehouse.gov/omb/budget/Historicals (Table 1.1)