American took more aid from the government than they paid in taxes

[5412]

Hi,

Following is a link to an article that is really upsetting.  I have said for many years what happens when the welfare population can out vote the workers.  Well last month the government paid out more in welfare than it took in.

Here is the link,

regards,
5412

http://www.washingtontimes.com/news/2010/mar/01/americans-reliance-on-government-at-all-time-high/

[JohnnyReb]

"We're really spreading that wealth around now boys.", Obama.

Makes you wonder where the money is coming from.

[thundley4]

"We're really spreading that wealth around now boys.", Obama.

Makes you wonder where the money is coming from.

China. 

[5412]

China. 

Hi,

Actually China has stopped buying our T-Bills.  What has happened is the treasury is coming up woefully short at the auctions so several investment banks are buying them and then selling them back to the fed a few days later......of course they do not tell this to the public.

So basically we are eating our young in that we are printing worthless money to pay bills.

regards,
5412

[thundley4]

Hi,

Actually China has stopped buying our T-Bills.  What has happened is the treasury is coming up woefully short at the auctions so several investment banks are buying them and then selling them back to the fed a few days later......of course they do not tell this to the public.

So basically we are eating our young in that we are printing worthless money to pay bills.

regards,
5412

Yet 0Bama and the Dems believe that more spending is what is needed to get us out of this mess.  They are the definition of insanity.