Sunday, May 27, 2012

DailyMarkets.com - Americans Are Hooked…

DailyMarkets.com - Americans Are Hooked…


Americans Are Hooked…

Posted: 27 May 2012 02:18 PM PDT

…on public assistance.

49.1%: Percent of the population that lives in a household where at least one member received some type of government benefit in the first quarter of 2011.

[That figure] is up from 30% in the early 1980s and 44.4% as recently as the third quarter of 2008.
(From “Number of the Week: Half of U.S. Lives in Household Getting Benefits,” Real Time Economics)
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About 65 percent of federal expenditures over the last ten years have gone towards entitlements. By … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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