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Skip to comments.We've Crossed The Tipping Point; Most Americans Now Receive Government Benefits!
Posted on 07/05/2014 6:38:12 AM PDT by SeekAndFind
Obamacare has pushed us over the entitlements tipping point. In 2011 some 49.2 percent of U.S. households received benefits from one or more government programsabout 151 million out of an estimated 306.8 million Americansaccording to U.S. Census Bureau data released last October.
Currently, around 6 million to 7 million Americans who have signed up for Obamacare are receiving taxpayer-provided subsidies (though the administrations numbers cannot be trusted, its all we have to work with). There are another 3 million who have signed up for Medicaid.
That means some 10 million Americansor a total of about 161 millionare now getting government subsidies (though the final number might be somewhat lower since some may have been receiving benefits already).
Thus, perhaps 52 percent of U.S. householdsmore than halfnow receive benefits from the government, thanks to President Obama. And Mr. Entitlement is just getting started. If Obamacare is not repealed millions more will join the swelling rolls of those dependent on government handouts.
(Excerpt) Read more at forbes.com ...