Thursday, February 9, 2012

Americans independence wanes as more people rely upon government than ever before

The Heritage Foundation just completed a new study on government spending, and 18 other critical areas where cost and dependence by the American people on government welfare and subsidies over self-reliance is at the highest point in history.

The Index of Dependence on Government generally works the same way. The raw (unweighted) value for each program (that program’s yearly expenditures) is multiplied by its weight. The total of the weighted values is the Index score for that year.
The Index is calculated using the following weights:
  1. Housing: 30 percent
  2. Health Care and Welfare: 25 percent
  3. Retirement: 20 percent
  4. Higher Education: 15 percent
  5. Rural and Agricultural Services: 10 percent
The weights are “centered” on the year 1980. This means that the total of the weighted values for the Index components will equal 100 for 1980, and 1980 is the reference year in comparison to which all other Index values can be evaluated as percentages of 100. – Heritage Foundation

With the scale going nearly exponential since 1980, the chances of a reversal become much slimmer as more people turn towards government than every before in their daily lives.  This chart can almost parallel the climb in National debt since the baseline year, and as such, the collapse of the economic structure will most certainly come at a time when the government no longer can afford to pay so much in welfare and benefits.


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