Honestly public assistance is still public assistance no matter that source ... that means 49% of American households can't cut it on their own which is really disturbing in its own right. But hey here are some nice facts to chew on:
"Since Barack Obama took his first oath of office on January 20, 2009, our national debt has gone up 58%. The U.S. dollar has depreciated 6%.
Unemployment is now at 7.6%—higher than it was before Obama took office more than five years ago. And that's just the official rate. The real unemployment rate, the one economists call "U6," that counts those who have given up looking for work, is 13.8%.
When you add in all those people, 21.5 million Americans have no job. Millions more are reduced to working part-time in menial tasks.
With such a large slice of the population out of work and broke, 47 million Americans are now living on food stamps. That's 1/7th of our country!
Meanwhile, the U.S. government lost its triple-A credit rating for the first time in history.
We're turning into a welfare state at exactly the time the government is going broke.
49% of American households get government handouts—even more than the 47% Mitt Romney so infamously cited. Never before in history have so many people depended on Uncle Sam for housing, food and health care. Many of these millions are truly needy and deserving. But half the country pays no federal taxes—that's a problem!
Obama has run up more debt than all other presidents combined, from George Washington to George W. Bush. The U.S. has now accumulated the biggest debt in world history and it is growing by $45,000 per second."
This is what our nation wanted ... a welfare state ... that big eared clown in the white house is ruining our economy and does nothing but blame everyone around him ... but hey why stop there consider this:
"On Inauguration Day in 2009, Obama appeared blessed by the economic gods. His timing was perfect.
As he took the oath of office, he inherited a recession that was already over a year old. In every other recession since the Great Depression, things have looked dramatically better within a year and a half.
That means we should have recovered from the recession a few months after Obama took office—just in time for him to get the credit.
So even though I thought Obama's "recovery plan" was ludicrous, I expected him to ride a wave of praise as the economy roared back in a matter of months.
After all, that's what it should have done just on its own.
What actually happened was shocking. Obama's economic decisions as president have been so bad that even now—five-and-a-half years after the recession began—a decent recovery can't get off the ground.
The poverty rate declined every year from 1984 to 1989. The stock market more than tripled between 1980 and 1990.
Now look at what we have today. Obamanomics is the anti-Reaganomics in every way. It's almost as if Obama studied every move Reagan made to jump start the stalled economy in 1981 and did the opposite.
Obama has (1) raised a variety of excise taxes, (2) spent over a trillion dollars on his failed stimulus, (3) increased regulations and (4) printed money out of thin air in a frenzy of "quantitative easing."
Obama's crown jewel was his "stimulus" package—a move based on dubious Keynesian economics.
This sort of central planning is a proven historical failure. Just ask the USSR how well it works out when you make government spending the prime engine of an economy.
A month after he got into office, Obama signed his trillion-dollar stimulus plan—a group of infrastructure projects designed to save the economy.
Obama's experiment didn't work because borrowing a trillion dollars out of the economy and putting it back into the same economy has a zero net effect.
It makes as much sense as taking a bucket of water from one end of a swimming pool and dumping it into the other end. You achieve nothing. Less than nothing, in fact, because the water you spill along the way leaves everybody worse off.
The poverty rate declined every year from 1984 to 1989. The stock market more than tripled between 1980 and 1990.
How far into debt can a country go before it collapses? That's an interesting question because total United States debt has just hit 105% of GDP.
We're fast approaching the debt-to-GDP ratio that pushed Greece into bankruptcy.
In 2009 Greece's national debt reached 115% of GDP. Within a year, banks refused to lend Greece any more funds. The Greek crisis was on.
Look at how the world panicked over a tiny country with an economy half the size of Ohio's. Can you imagine the carnage we'll see when the world realizes that the biggest economy in the world is in the same sorry shape?
The EU is trying to put Greece back on its feet with a trillion-dollar bailout. But we already borrow $1.2 trillion per year just to keep the wheels turning. When our next recession hits, who will bail
us out? Who is big enough to even try?
What's worse, we won't be alone. Many other overextended countries will be looking to borrow trillions, too. All these debt hogs will be crowding around the same trough trying to outbid each other for the available funds with higher and higher interest rates.
Higher rates will sink bonds, hurt stocks, raise mortgage payments and depress home sales even more. Obamanomics could play out in a bloody endgame that will throw millions into poverty."
But hey lets keep voting clowns like Obama into office ... he has been doing such a great job so far!
