The Phaserl


Who Are the Real Takers?

from Market Daily News:

Harlan Green: We have been there before.  The Census Bureau reported that the poverty rate fell in 2013, the first drop since 2006. It fell to 14.5 percent, down from 15 percent in 2013, but 45.3 million people are still living at or below the poverty line, which for a family of four was $23,834.

Then who are the real “takers” that have held up economic growth and more jobs? It’s can’t be the 47 percent that conservative polemicists and many of the 2012 presidential candidates maintained didn’t pay federal income taxes. Three-quarters of entitlement benefits written into law in the United States go toward the elderly or disabled. That’s according to the Center on Budget and Policy Priorities.

And it’s more than 90 percent of entitlement benefits when working households are included. Only about 9 percent of all entitlement benefits go toward non-elderly, non-disabled households without jobs (and much of that involves health care and unemployment insurance)

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