Prophecy in today's headlines

The End of the U.S. Economy




What happens when more of us work for the government — or receive paychecks from the government without work — than those of us who work in the private sector?

We’re soon going to find out. This week, CNBC reported that social welfare payments now comprise 35 percent of wages and salaries this year. In other words, more than a third of all people receiving “paychecks” are receiving government redistribution checks via welfare, Social Security, Medicare or unemployment. In 1960, just 10 percent of the population garnered a wage from government anti-work programs. Now more than one in three of us do.

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