U.S. government ‘central planning’ has featured trillions of dollars in funding for TARP, various forms of credit extensions to major domestic and foreign banks, several rounds of government-directed stimulus programs, Fed-targeted interest rates, and various other non-free market initiatives … all benefiting the financial sector and the politically-connected class in America.
American citizens have seen little, if any, benefit.
Real (inflation-adjusted) median household income is 5% lower now than it was in January of 2009.
Food stamp – record set in March The number of American households on food stamps reached a new record high in March, according to new data released by the Agriculture Department.
The March numbers the USDA released Friday reveal 23,116,441 households enrolled in the Supplemental Nutrition Assistance Program (SNAP), or food stamps, each receiving an average monthly benefit of $274.30.
The number of individuals on SNAP did not break any records but remained high, with 47,727,052 people enrolled in SNAP, receiving an average monthly benefit of $132.86.
Record numbers of Americans are now on disability (for many this is the next ‘move’ when unemployment benefits run out).
(May 29, 2013 – CNSNews.com) – The total number of people in the United States now receiving federal disability benefits hit a record 10,978,040 in May, up from 10,962,532 million in April, according to newly released data from the Social Security Administration.
The 10,978,040 disability beneficiaries in the United States now exceed the population of all but seven states. For example, there are more Americans collecting disability today than there are people living in Georgia, Michigan, North Carolina, New Jersey or Virginia.
The record 10,978,040 total disability beneficiaries in May, included a record 8,877,921 disabled workers (up from 8,865,586 in April), a record 1,939,687 children of disabled workers (up from 1,936,236 in April), and 160,432 spouses of disabled workers.
May was the 196th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.
As the overall number of American workers collecting disability has increased, the ratio of full-time workers to disability-collecting workers has decreased.
In December 1968, 1,295,428 American workers collected disability and, according to the Bureau of Labor Statistics, 65,630,000 worked full-time. Thus, there were about 51 full-time workers for each worker collecting disability. In May 2013, with a record 8,877,921 American workers collecting disability and 116,053,000 working full-time, there were only 13 Americans working full-time for each worker on disability.
According to the latest Census Bureau population estimates, if disability were a state in the union it would rank eighth in population, coming in after Ohio but ahead of Georgia:
1. California 38,041,430
2. Texas 26,059,203
3. New York 19,570,261
4. Florida 19,317,568
5. Illinois 12,875,255
6. Pennsylvania 12,763,536
7. Ohio 11,544,225
8. Disability 10,978,040
9. Georgia 9,919,945
America needs a new decentralized, free-market approach – one that provides citizens with the resources to manage their own lives.
The Leviticus 25 Plan is the only comprehensive economic recovery plan in America that delivers true benefits to American citizens in a timely fashion.
The Leviticus 25 Plan reinstates economic liberty for American citizens.