The U.S. government’s growing national debt, coupled with massive corporate and personal debt loads are a severe drag on economic growth and vitality. .
The entitlement state system that the government has erected is an iron-clad disincentive for work avoidance and low economic productivity.
ZeroHedge 7-30-15 – Excerpts:
Here are the numbers, as of the most recent Employment Situation report:
- 250 million: the total number of people of working age in the United States.
- 149 million: the total number of people in that population that have a job.
- 8 million: the number of people who want a job but do not have one.
- 93 million: the number of people who don’t work, and don’t want work.
Of course, when work is punished in the Entitlement State Americans live in… what else should we expect but 30% of the employable to sit at home? As we previously explained,
This is the painful reality in America: for increasingly more it is now more lucrative – in the form of actual disposable income – to sit, do nothing, and collect various welfare entitlements, than to work.
This is graphically, and very painfully confirmed, in the below chart from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg). As quantitied, and explained by Alexander, “the single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.“
America needs an economic plan that restores the virtues of work and self-reliance, in place of the current system that punishes work and industriousness.
America needs an economic plan that will promote genuine economic growth and generate trillions of dollars in new tax revenue, and set our country back on the track to fiscal strength.
The Leviticus 25 Plan 2015 – $70,000 per U.S. citizen The Leviticus 25 Plan 2015 (1175)