86 million private-sector workers support 148 million benefit takers

86 million private-sector workers support 148 million benefit takers

camel wikimediaU.S. Census numbers tell why America’s economy is sluggish and likely headed downward again: There are just 86 million full-time private-sector workers supporting 148 million benefit-takers.

So if you’re a full-time worker in the private sector, such as yours truly, you’re supporting 1.7 people getting some sort of government check, whether government workers, welfare recipients, private contractors to governments, etc.

No wonder taxes are so high.

As CNSNews noted:

“As more baby boomers retire, and as Obamacare comes fully online — with its expanded Medicaid rolls and federally subsidized health insurance for anyone earning less than 400 percent of the poverty level — the number of takers will inevitably expand. And the number of full-time private-sector workers might also contract.

“Eventually, there will be too few carrying too many, and America will break.”

And let’s throw in a number I’ve noted before: the $200 trillion in unfunded liabilities of the U.S. government, mainly for Social Security and Medicare, as calculated by Boston University economist Laurence Kotlikoff.

Looks like we’re near the “tipping point,” to use a phrase popular today — or the point where the straw breaks the camel’s back, as people used to say.

Consider that number again: 1 private-sector worker supporting 1.7 people receiving a government check. It can’t possibly last.




Tags assigned to this article:
John SeilerSocial SecuritywelfareCNSNews

Related Articles

LAT: GOP falling apart. Real story is much more striking

The Republican Party may have just seen its second straight feckless presidential campaign. Yet it has what The New York

Facebook Expanding – Elsewhere

Katy Grimes: The wildly popular social networking website Facebook is expanding, but not in California. With more than 500 million

Why Jerry Will Kill High-Speed Rail

John Seiler: It’s High-Speed Rail fanatic Jerry Brown who himself will kill the California High-Speed Rail Authority. The reason: His