While wages and other job-related income fell by a record $206 billion last year to $7.84 trillion, transfer payments from the government such as unemployment checks and Social Security burgeoned by $231 billion to $2.1 trillion. Meanwhile, the amount of taxes that individual Americans paid plummeted by $325 billion to $2.1 trillion as a result of middle-class tax cuts and because nearly 6 million people were thrown out of work and are no longer paying payroll taxes.
Did you get that? We pay out more in “give aways” that we are taking in through taxes, and that doesn’t include law enforcement, the courts, jails, or the military. This country is past the point of no return. It is doomed to failure.