April 24, 2011

Unsustainable!


"For the first time in modern history, the government is paying out more money, in cash, to citizens, than it is taking in taxes. We spent $2.3 trillion on direct benefits to taxpayers last year, while the government's total income was only $2.2 trillion. Roughly 60% of all Americans now receive some significant financial benefit from the government. Meanwhile, less than 50% of all people pay any federal income taxes. And roughly 10% of all taxpayers foot virtually all the significant income taxes levied."


Porter Stansberry, The S&A Digest, April 22, 2011

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