All Hail Obamanomics

As they say, “what a great country” , as led by Barack Obama

First take note of this excerpt from this May 2012 Robert Rector article at  Heritage Foundation:  Examining the Means-tested Welfare State: 79 Programs and $927 Billion in Annual Spending        It is an excellent article and reference in its entirety.

“If converted to cash, means-tested welfare spending is more than sufficient to bring the income of every lower-income American to 200 percent of the federal poverty level, roughly $44,000 per year for a family of four. (This calculation combines potential welfare aid with non-welfare income currently received by the poor.)”

images-13Where else can a large percentage of 94 million able-bodied, age-qualified citizens enjoy “means-tested” income and benefits so they may enjoy idly watching illegal immigrants do the work of the nation…all on borrowed money?

And the really good part? The pain and suffering to come when the bill can no longer be ignored and must be paid won’t happen until long after Barack and Michele are enjoying the “good life” they so richly deserve.

What a great country!

From yesterdays economic news: Record 94,610,000 Americans Not in Labor Force; Participation Rate Lowest in 38 Years

( – A record 94,610,000 Americans were not in the American labor force last month — an increase of 579,000 from August — and the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one.

In other disappointing news, the economy added only 142,000 jobs in September, well below economists’ expectations, but the unemployment rate remained at 5.1 percent, where it was in August.

The number of Americans not in the labor force has continued to rise, partly because of retiring baby-boomers and fewer workers entering the workforce.


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