|
Government Cash Handouts Now Top Tax RevenuesBy Elizabeth MacDonaldFoxBusiness.com Apr. 25, 2011 |
Popular 
Bill Kristol: My Fellow White Americans Are 'The Enemy'
Israel Detains American Journalist for Reporting on Damage from Iran's Strikes [UPDATE]
Journalist Jeremy Loffredo Released After Four Days in Israeli Detention, Ordered Not to Leave
Chris Rufo Discovers Who is Flooding The Small Town of Charleroi, Pennsylvania With Haitian Migrants
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
|
 U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression. Households received $2.3 trillion in some kind of government support in 2010. That includes expanded unemployment benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things. But that's more than the $2.2 trillion households paid in taxes, an amount that has slumped largely due to the recession, according to an analysis by the Fiscal Times. Also, an estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau, based on 2009 data. An estimated 46.5 million get Social Security; 42.6 million get Medicare; 42.4 million get Medicaid; 36.1 million get food stamps; 12.4 million get housing subsidies; and 3.2 million get Veterans' benefits. Read More |
