True Cost of Entitlements
What is the True Cost of Entitlements in the US - Subsidized Housing, Health Care, Welfare, Retirement, Social Security, Education, Agriculture (Food)
How many people in the US, citizens and illegals, are receiving some sort of payment from the government? What are the costs of these programs? Is this sustainable? Who will pay for these programs? How fast are these costs rising? These questions are all answered in the Heritage Foundation Report.
- 64.3 Million Americans receive entitlements; add in federal and state governments employees & its 88.3 Million (29%) in 2008
- Per Capita entitlement support equals $31,950 in 2009
- Dependence on Government is accelerating at an alarming rate 13.6% in 2009; 49% since 2001
- In 2008 132.5 Million tax filers paid no income tax (44%)
- By 2019 Medicare + Medicaid is expected to cost $1.7 Trillion
- Social Security is taking in less than its paying out. 2009 $1.02 Trillion paid
- Higher Education student grants total $117 Billion in 2009
- Farm subsidies in 2000 were $30 Billion
The Heritage Foundation produces an annual report entitled The 2010 Index of Dependence on Government. This is a must read especially prior to November elections.