If only we could talk Arianna Huffington into giving us $175 million. We have a feeling that IHateTheMedia.com could become the world’s most popular website if we were simply able to redistribute that wealth to our readers.
The New York Daily News reports on free money mania in New York:
A $200 back-to-school giveaway for needy kids sparked a mad rush for money on the streets of New York on Tuesday.
“It’s free money!” said Alecia Rumph, 26, who waited in a Morris Park, Bronx, line 300 people deep for the cash to buy uniforms and book bags for her two kids.
“Thank God for Obama. He’s looking out for us.”
Get it right, Alecia. Thank the taxpayers who involuntarily ponied up the “free” money.
Source: New York Daily News
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“When you rob from Peter to pay Paul, you can always count on the support of Paul.”
It’s Mourning in America
by Jim Panyard
July 2009
As of June 2009, 155 million people were laboring in the shrinking private sector of the American Empire with a per capita income of $39,751 and a per household income of $50,740.
In addition to supporting themselves and their dependents on those earnings, they were also supporting:
22.5 million government employees at the federal, state and local levels. The average pay of those on the federal government payroll is $75,419 this year, according to Econwatch. The story is much the same at the state and local levels. In Pennsylvania, for example, the average state employee has a pay package of about $68,000 per year, while the state’s household income is $48,576. (As an aside, there are only about 20 million jobs in the nation’s manufacturing and construction sectors, combined.)
3.9 million welfare recipients
46.5 million Social Security recipients, a number projected to rise to about 72 million in the next 20 years.
14.7 million Americans drawing unemployment benefits, with that number expected to rise consistently in the foreseeable future.
The productive sector workers are also paying for everything the Leviathan State does, such as wars, roads,Imperial adventures, private stadiums, bailouts, counterfeiting, ad infinitum. They also pick up the soaring tabs for 47 million Medicaid and 42 million Medicare recipients.
If this isn’t rampant socialism, it will do until the real thing arrives.
How can 155 million productive workers support themselves, nearly 100 million nonproductive others and a seemingly endless list of government endeavors (most of which could be done more economically and more effectively by the private sector)?
Answer: They can’t.