The two “D’s,” debt and dependency, are taking America down the path towards doom. You already know about the debt, but you may not have realized quite how bad the dependency has gotten.
As quantified, and explained by Alexander, “the single mom is better off earning gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.”
But perhaps the scariest chart in the entire presentation is the following summarizing the unsustainable welfare burden on current taxpayers:
For every 1.65 employed persons in the private sector, 1 person receives welfare assistance
For every 1.25 employed persons in the private sector, 1 person receives welfare assistance or works for the government.
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