Washington Examiner

One-third of U.S. wages are provided by the government
Washington Examiner

The average U.S. citizen currently has one-third of their wages made up government payouts, an all time record.

This comes at a time of record government debt totaling $1.5 trillion for fiscal year 2011 and projected to grow to $7 trillion over the next ten years. So right when people are most aware of the need to cut government spending to avoid a financial meltdown, is the time that people are most dependent on the government for their day to day living.

The majority of these handouts come in the form of healthcare spending and social security. According to a Heritage Foundation report, Social Security and Medicare alone represented 36% of the total federal budget in 2010. These numbers are expect to grow as our Baby Boomers continue to go into retirement. These numbers also don’t reflect future projections for the new open-ended entitlement of Obamacare.