Socialist Death Spiral

As Maggie Thatcher famously opined,

“The trouble with Socialism is that eventually you run out of other people’s money.”

These 11 States now have more people on welfare than they do employed.

Death Spiral - 11 states with majority on welfare

Last month, the Senate Budget Committee reports that in fiscal year 2011, between food stamps, housing support, child care, Medicaid and other benefits, the average U.S. household below the poverty line received $168.00 a day in government support. What’s the problem with that much support? Well, the median household income in America is just over $50,000, which averages out to $137.13 a day. To put it another way, being on welfare now pays the equivalent of $30.00 an hour for a 40-hour week, while the average job pays $25.00 an hour.

Sources:

Thatcher quote TRUE @ http://www.snopes.com/politics/quotes/thatcher.asp

The Comical Conservative @ http://www.facebook.com/photo.php?fbid=249393775193808

6 Comments

Filed under Economy, Margaret Thatcher, Medicare/Medicaid, Poverty, Welfare

6 responses to “Socialist Death Spiral

  1. Just a read a very interesting article by Victor Davis Hanson —
    California at Twilight — which definitely pertains to this. Worth a read.

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  2. questioning

    “the average job pays $25.00 an hour” = What???

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  3. Congrats, Chrissy. You attracted the attention of one of those well-known, roving “questioning” trolls. Probably one of those punks living in the white house basement, working for Barack without pay, except for hope & change and free Red Bulls. I hope he doesn’t track anything on the carpet.

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  4. Avcad

    I have to agree with the WHAT???? Comment.
    My wife is a Registered Nurse and makes $26/hr
    Where is $25/hr average????

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