Depending on Government
Recorded on March 9, 2011
It's time for common sense; I'm Ernest Istook.
Dependency on government increased by 13% last year, according to The Heritage Foundation's annual report. That's sobering news.
Of all the total wages and salaries in the country, government payments equal one-third of that total. That includes public assistance, Social Security, Medicare, Medicaid and unemployment insurance. One-third of all the wages and salaries paid in the USA.
This reliance on government is unsustainable, because it stifles personal responsibility and because it costs more than we can afford. Already, for every dollar Washington spends, 40% of it is borrowed money. And our deficit will top $1.6-trillion this year.
Those who refuse to reduce spending—and to re-fashion our entitlement programs—may buy votes for the moment. But when our kids and grandkids get stuck with the bill, how many Americans will regret their short-sighted foolishness?
For common sense, from The Heritage Foundation, I'm Ernest Istook.