I calculate the real unemployment rate as those receiving UI payments, those whose payments have run out but are still looking for work, those of working age who are no longer looking for work and receiving some sort of government assistance (including those hardcore welfare cases who have never worked and never will work). If working Americans realized how few their number really is and how many others that they have to support, they’d understand how the deficit has exploded the way it has. And with the baby boomers now entering retirement years and starting to draw on Social Security and Medicare, the demographic vice will tighten around America’s neck. If you add up all the people in America and take out the young, spouses who do not work outside the home, the retired, the disabled, the welfare people, the unemployed and those who earn too little to pay federal tax, the actual number of Americans paying federal income tax is fewer than 100 million. Fewer than a third of Americans are carrying the can for the entire nation. It’s not sustainable and the situation is only going to get worse.
Fewer than a third of Americans are carrying the can for the entire nation. It’s not sustainable and the situation is only going to get worse.
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Perhaps this can be illustrated to low info voters by asking how many thin people can be seen wandering around looking for food. Did you say ‘none.’ Well, who is feeding millions of non-workes? Oh, we are!