The United States Of Dependency?

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Investors Business Daily:

Economy: New reports suggest America is not only hurting economically under President Obama, but also on a dangerous road to fiscal decline and growing dependence on government. This is the real legacy of Obamanomics.

Before you shrug this off as an exaggeration or chalk it up to scare-mongering, check out the reports that have emerged in recent days suggesting just how dependent Americans have become on government largesse.

Keep in mind the money to pay for it doesn't come from the government; it comes from all of us, but especially the top 20% of incomes that pay 94% of the taxes and create virtually all of American jobs.

Here are just a few recent reports about the alarming growth in dependency:

 

• In the second quarter of 2011, 107 million Americans were receiving some kind of government welfare — not including Medicare or Social Security — according to a new study from the Senate Budget Committee. That's up from 97 million just over two years ago.

• In the last three months, more people have applied for Social Security disability payments than found jobs in the private sector, federal data show.

• New Census data show 43% of all immigrants remain on welfare 20 years after arriving in the U.S., a stunning statistic suggesting the old model of immigration being a path to opportunity may have broken down in the Age of Obama.

• A new economic study says almost half of Americans die with less than $10,000 in assets — a sad comment on how government has displaced personal initiative and private savings in preparing for retirement.

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• IRS data show that almost half of all Americans — 49.5% of us — pay no income taxes at all.

• In today's federal budget, 70% of all spending now goes to aid for individuals such as housing, food, income, student aid or other forms of welfare.