Welfare SAVES America From DEPRESSION!!!!
From USA Today...
Benefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income in the first quarter of 2009, the Bureau of Economic Analysis reports. That's the highest percentage since the government began compiling records in 1929.
In all, government spending on benefits will top $2 trillion in 2009 — an average of $17,000 provided to each U.S. household, federal data show. Benefits rose at a 19% annual rate in the first quarter compared to the last three months of 2008.
If it wasn't for Gov't Benefits.....GDP would immediately contract 16% and America would be in a Depression.
And for those of you idiots that don't think we are ALREADY in a Depression.....ask youself how can a nation where the average Family only make $50K per year spend $17K on benefits?????