Showing posts with label income. Show all posts
Showing posts with label income. Show all posts

Friday, June 5, 2009

One-Sixth of EVERY Income Dollar?

According to this report I read in the USA Today online, and rapidly circulating elsewhere, one out of every six dollars of American income comes in the form of a federal or state check or voucher of one sort or another—more specifically, 16.2%. This is a stunning amount of money. Let's see how it breaks down:

According to the article, the total amount of money exceeds $2 trillion, or about $17,000 per household. Broken down further, $2 trillion+ amounts to approximately $6700 for every living person in this country.

If my family got our share of that (me, wife, 4 kids), that would be just over $40,000. We could live a modest middle-class existence on that much money!

Jon & Kate's clan would see $67,000. The Duggars of Arkansas: About $134,000.

Much of this federal and state largess is Social Security and unemployment benefits. Then there's food stamps, Medicaid and other health programs, prescription drug benefits, and a host of other things that, quite simply, put money in the pockets of those whom the government has selected to receive those benefits.

We should be outraged. I am outraged...until the government sends me my $40,000, that is.