Thursday, April 17, 2014

BloggeRhythms

An article on Drudge this morning, by Terence P. Jeffrey of CNSNews.com provides significant insight regarding how poorly the economy’s actually performing, as follows:
 
“Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know. It is 86,429,000.
 
That is the number of Americans who in 2012 got up every morning and went to work — in the private sector — and did it week after week after week.”
 
At the same time, “There were 108,592,000 people in the fourth quarter of 2011 who lived in a household that included people on "one or more means-tested program."
 
What the statistics show is, “Those 108,592,000 outnumbered the 86,429,000 full-time private-sector workers who inhabited the United States in 2012 by almost 1.3 to 1.”
 
Additionally, 16,606,000 worked for the government. 12,597,000 at state and local government levels, and 4,009,000 federal. And these are positions paid for by taxpayers in the private sector too.
 
So, steadily and surely, the U.S. is being turned into a far more socialistic nation where those who produce revenue support those who don’t, which is an extremely attractive concept to many, if not most. The only problem, however, is that simply cannot work now or ever in the future.  
 
Mr. Jeffrey put it this way; ”As more baby boomers retire, and as Obamacare comes fully online — with its expanded Medicaid rolls and federally subsidized health insurance for anyone earning less than 400 percent of the poverty level — the number of takers will inevitably expand. And the number of full-time private-sector workers might also contract.”
 
And here’s his absolutely correct conclusion: “Eventually, there will be too few carrying too many, and America will break.”
 
That’s it for today folks.
 
Adios

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