Via Hot Air, household “income” from government entitlements and handouts exceeds taxes:
Note the two times this has happened historically: the Great Depression. What strikes me, however, is that the level of entitlements is four times higher now than it was then.
Ed Morrissey states the obvious:
The clear problem in this chart isn’t that the red line has moved downward into historically low territory; it’s that the blue line has kept moving up into historically high territory. The long-term solution isn’t to raise taxes, but to wean the American public off of its historic dependence on welfare and social spending.
Exactly. Read the rest.