America is not only hurting economically under President Obama, but also on a dangerous road to fiscal decline and growing dependence on government. This is the real legacy of Obamanomics. – IBD

 

From IBD Editorials

EXCERPTS:

… check out the reports that have emerged in recent days suggesting just how dependent Americans have become on government largesse.

Keep in mind the money to pay for it doesn’t come from the government; it comes from all of us, but especially the top 20% of incomes that pay 94% of the taxes and create virtually all of American jobs.

Here are just a few recent reports about the alarming growth in dependency:

…. 107 million Americans were receiving some kind of government welfare — not including Medicare or Social Security

…. last three months, more people have applied for Social Security disability payments than found jobs in the private sector …

…. 43% of all immigrants remain on welfare 20 years after arriving in the U.S. …

…. almost half of all Americans — 49.5% of us — pay no income taxes at all …

…. long-term debt now stands at $211 trillion, up $11 trillion in just one year

FULL ARTICLE

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