Stimulus 3 year BIG FAIL birthday bash

February 20, 2012 08:24


Video – Karl Rove and Sean Hannity highlight Obama’s stimulus failures. Continued high unemployment, slow growth, high prices, record food stamps, record youth unemployment.

 

45% increase in food stamps, 32% increase in hand outs and a quadrupling of corporate welfare make Obama the king of socialism and crony capitalism at the same time.

Yes he is the food stamp president! And the hand out president

 

JOHN MERLINE, INVESTOR’S BUSINESS DAILY  points out the facts:

While it’s true that the country has been headed in this direction for many years — with the explosion in entitlements since the 1960s and the aging of the population — Obama has, in fact, greatly accelerated the trend. Examples:

 

Direct payments. ….. shot up under Obama, climbing by almost $600 billion — a 32% increase — in his first three years.

 

People getting benefits. …. 49% now live in homes where at least one person gets a federal benefit ….. up from 44% the year before Obama took office ….

 

Food stamps. ….. 46 million (15% of all Americans) will get food stamps. That’s 45% higher than when Obama took office

 

Corporate welfare. Prior to Obama, the federal government was already dishing out $92 billion in corporate welfare programs — in the form of subsidized loans, special tax breaks, bailouts and the like — the Cato Institute found. Obama added tremendously to this largesse. Federal grants to the energy sector, for example, quadrupled to over $18 billion in 2009 …..

 

…. the new entitlement battle is over the size of the check you get from Washington.”

 

Patrick Tyrrell at The Heritage Foundation adds this:

The 2012 Index of Dependence on Government, released today, should be a wake-up call for America. Published by The Heritage Foundation for the past 10 years, the Index tracks the growth in government dependence dating back to the early 1960s. This year’s edition shows an alarming trend. Among the most troubling facts:

  • One in five Americans—the highest in the nation’s history—relies on the federal government for everything from housing, health care, and food stamps to college tuition and retirement assistance. That’s more than 67.3 million Americans who receive subsidies from Washington.
  • Government dependency jumped 8.1 percent in the past year, with the most assistance going toward housing, health and welfare, and retirement.
  • The federal government spent more taxpayer dollars than ever before in 2011 to subsidize Americans. The average individual who relies on Washington could receive benefits valued at $32,748, more than the nation’s average disposable personal income ($32,446).
  • At the same time, nearly half of the U.S. population (49.5 percent) does not pay any federal income taxes.
  • In the next 25 years, more than 77 million baby boomers will retire. They will begin collecting checks from Social Security, drawing benefits from Medicare, and relying on Medicaid for long-term care.
  • As of now, 70 percent of the federal government’s budget goes to individual assistance programs, up dramatically in just the past few years. However, research shows that private, community, and charitable aid helps individuals rise from their difficulties with better success than federal government handouts. Plus, local and private aid is often more effectively distributed.

This much dependence on government has not been seen before in our nation, and it spells grave danger for the republic. A dose of reality would inform politicians that federal handouts, while politically expedient, will doom the republic if they are not curtailed.

A plan exists that would reverse the yearly rise in government dependency. It’s called The Heritage Foundation’s Saving the American Dream plan

 

 



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