219 to 206.
O joyous dei.
BZ
Omnibus bill passes the House:
Category Archives: Federal Debt
Reality: Waking Up
BZ
As I’ve warned now for years: “Census Bureau: Means-Tested Gov’t Benefit Recipients Outnumber Full-Time Year-Round Workers”
From CNSNews.com:
By Terence P. Jeffrey
(CNSNews.com) – Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month by the Census Bureau. They also out-numbered the total population of the Philippines.
There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs, the Census Bureau said in data released this week. Meanwhile, according to the Census Bureau, there were 101,716,000 people who worked full-time year round in 2011. That included both private-sector and government workers.
The next sentence is shocking but, in my opinion, not unexpected or unforeseen:
That means there were about 1.07 people getting some form of means-tested government benefit for every 1 person working full-time year round.
I have written, for some time, of the tipping point where the Parasites outnumber the Hosts.
Statistically, it appears, we are there.
If the ship’s pumps are not activated, the flooding waters will cause the Ship of State to catastrophically capsize.
BZ
The fed collects a record amount of taxes
From CNSNews.com:
By Terence P. Jeffrey
(CNSNews.com) – The federal government raked in a record of approximately $2,472,542,000,000 in tax revenues through the first eleven months of fiscal 2013, which ran from Oct. 1, 2012 through the end of August, according to the Monthly Treasury Statement for August.
That is up about $285 billion from the approximately $2,187,527,000,000 in taxes the government took in through August of fiscal 2012.
Despite these record tax revenues, the federal government still accumulated a $755 billion deficit in the first eleven months of fiscal 2013. Totally federal spending through the first eleven months of the fiscal year was $3.228 trillion.
At the end of last year, the president struck a deal with Republicans in Congress at the to enact legislation that increased taxes. This included pushing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.
An additional 3.8 percent tax on dividends, interests, capital gains and royalties–that was embedded in the Obamacare law–also took effect this year.
And yet the DebtClock keeps rolling and rolling and rolling.
BZ
Truth illustrated by an ever-expanding list:
BZ