Monday, January 23, 2012

15% of GDP spent on welfare to more than 50% of Americans

There is one thing to create safety nets to help those down on their luck, or in transition from one stage of life to the next, but there is another where a society has become so apathetic that it requires 15% of all production to be given out to those who do not produce.

The single most disturbing statistic: in 2011 nearly half of the population lived in a household that receives some form of government benefit, which in turn accounted for 65% of total federal spending, or $2.5 trillion, and amount to 15% of GDP. And yet some people out there still think these people, long since indoctrinated to do little but mooch off the welfare state… - Zerohedge

Chart courtesy of John Lohman

To all the bleeding heart Occupy Wall Street characters... very soon, your mooching off Uncle Sam will lead to a complete breakdown of the system.  Then who will support your life of protesting?


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