Thursday, April 17, 2014

Our Tax-Receivers Way Outnumber Our Tax-Payers … Hint: That’s Not Good

There’s a CNS News article featured on the Drudge Report this morning: “86M Full-Time Private-Sector Workers Sustain 148M Benefit Takers.”

That’s an alarming title. And that’s not the only highly disconcerting fact the link included:

·         The Census Bureau approximated that 103,087,000 people worked full-time, year-round (meaning someone who worked 35 hours or more per week for 50 or more weeks in the year) in the U.S. in 2012. Incidentally, that includes teachers and school administration just as long as they’re contracted for a job come the fall.
·         Of those 103,087,000, 16,606,000 worked for the government, 12,597,000 at state and local levels and 4,009,000 for D.C. and its arms. That means a mere 86,429,000 Americans worked full-time, year-round in the private sector.

Those figures along are disturbing, but they’re not the worst by any stretch of the imagination, because the Census Bureau also recorded how many people in the U.S. were receiving government benefits.

Government benefits are doled out for two reasons: as a debt for services paid, such as in the case of military personnel, Medicare and Social Security recipients); and as an assumed debt to society through Medicaid, food stamps, Supplemental Security Income, public housing, etc., etc.

Here are some figures for that second category, which the Census Bureau deems anyone residing in a household in which one or more people received benefits from the program:”

·         In the last quarter of 2011, around 82,457,000 people lived in households where one or more people were on Medicaid; 49,073,000 where at least one person got food stamps; and 23,228,000 where someone got WIC; 20,223,000 where someone got SSI. And 13,433,000 lived in public or government-subsidized housing.
·         Some government beneficiaries are enrolled in more than one program, so the Census Bureau concluded that there were 108,592,000 individuals in Q4 2011 living in households where someone was getting something on the tax-payers’ dime.

Stack the first set of figures against the second set of figures, and you find that there are 108,592,000 need-based government beneficiaries and only 86,429,000 full-time private-sector workers, a 1.3 to 1 ratio.

But that’s not including the government workers, you might say. That’s true. However, considering that they’re getting government paychecks and government benefits, they’re automatically a larger drain on the economy than they are a benefit.

And those scary statistics also don’t include the 49,901,000 people who were receiving Social Security last time the Censu Bureau checked, or the 46,440,000 receiving Medicare. Or the 5,098,000 getting unemployment compensation. Or the 3,178,000 veterans receiving benefits. Or the 34,000 veterans getting educational assistance.

Getting the big picture yet?

To quote CNS directly, “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?

“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.”

Now that’s really alarming.

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