Yep, too many entitlements and not enough folks paying tax.
Dependency Index Surges 23% Under President Obama
By
JOHN MERLINE, INVESTOR'S BUSINESS DAILY
inShar
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The American public's dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation.
The conservative think tank's annual Index of Dependence on Government tracks money spent on housing, health, welfare, education subsidies and other federal programs that were "traditionally provided to needy people by local organizations and families."
The increase under Obama is the biggest two-year jump since Jimmy Carter was president, the data show.
The rise was driven mainly by increases in housing subsidies, an expansion in Medicaid and changes to the welfare system, along with a sharp rise in food stamps, the study found.
"You can't get around the fact that policy decisions made over the past two years, on top of those made over the past several decades, are having a large effect on the pace of growth of the index," said William Beach, who authored
the Heritage study.
Dependence on the government has climbed steadily since 1962, when the index stood at 19. By 1980, the index had risen to 100...
...
At the same time, fewer Americans pay income taxes, the report notes. Almost half (49.5%) didn't pay income taxes in 2009, the latest year for which the researchers have data. Back in the late 1960s, only 12% of Americans escaped the income tax burden.
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The number of people dependent on the federal government shot up 7.5% over the past two years.
Dependent Nation: Dependency Index Surges 23% Under President Obama; 67 Million Get Aid - Investors.com