Recorded on April 20, 2011
It's time for common sense; I'm Ernest Istook.
If you wonder why it's tough to cut federal spending, a new analysis sheds some light. Last year America's households paid a total $2.2-trillion in taxes. But they received $2.3-trillion in various types of government support payments.
That includes Social Security, Medicare, Medicaid, unemployment, food stamps, housing subsidies, VA benefits, and more.
Plus a Heritage Foundation study shows that individual dependency on government went up by 13% last year.
When individuals receive $100-billion more from government than they pay, no wonder so many don't want to cut off their own cash. Yet if we don't, it's our kids and grandkids who will be asked to pay the bill. Federal debt is already over $14-trillion, but if we don't do something about entitlement spending, it will only get worse.
For common sense, from The Heritage Foundation, I'm Ernest Istook.