I am vitally concerned about the direction in which the economy is moving, and I believe that unless more high paying jobs are able to be created by private industry, the recession will deepen. It is already mirroring the events of the last Great Depression in the 1930’s. 

        I have uncovered a few statistics that may be of interest.

1.    The Obama administration’s stimulus package increases the tax revenue obligation of each American by $10,000.

2.    Social Security, Medicare, and Medicaid will create a debt that is owed by each American of more than $175,000.

3.    At present government insurance programs - have an ultimate unfunded liability of $107 Trillion. Unfunded means Americans will have to come up with new taxes to pay off the debt.

        On the other side of the coin are the government welfare recipients:

4.    One in nine American voters or 34 million rely on food stamps – and rising daily:  [CBS Report]

5.    Government Insured voters total 83,031,000 includes Medicare = 41,375,000 + Medicaid = 39,554,000 + Military = 10,955,000 the actual total math sum = 91,884,000.

6.    Voters on Medicare in 2008 = 45,301,837 and Medicaid in 2005 = 56,000,000. Add in the CB Military estimate and you get 112,256,837.

        The welfare state has created voter loyalty to politicians who promise them food subsidies, insurance subsidies, subsidies for child care, unemployment benefits etc. The result is that politicians who know we have to cut taxes, make government smaller, reduce welfare benefits face voter opposition from the beneficiaries of welfare programs.

        As a practical matter, America is locked in a downward spiral of loosing industry to foreign countries like China and India. This reduces the potential for greater tax revenue. In the face of lower income, increases in welfare recipients create more expense for government. Anyone can see how this is a formula for disaster. The government budget office is warning that projected future government debt is unsustainable.

        Solution:    Free enterprise and limited government, would control spending and keep taxes low while creating real jobs that pay well which would ensure that all Americans can enjoy retirement security and can afford the best health care in the world.