Dispelling the myths about who is receiving government cheese.
Nobodyisflyingtheplane when everybody thinks someone else is getting all those juicy government checks, living the high life, sticking it to the man, making suckers out of us working stiffs.
Its not somebody else. Its the middle class. As it most likely should be.
With the caveat that anyone can use stats to show the picture they want to, here is the picture of the middle class benefiting from the money the government takes from their checks.
More than 90% of the benefits go toward working families, the disabled and the elderly. And more than half of all entitlement spending helps middle class Americans.In 2010, those age 65 and older collected 53% of the dollars, while the non-elderly disabled received 20%, according to the Center on Budget and Policy Priorities, a left-leaning group. And folks in working families collected 18%.
As for income levels, those in the middle — earning between $30,000 and $120,000 — received 58% of all entitlement dollars in 2010.
Working families are the main recipients of the earned income tax credit and the child tax credit, which are designed to encourage employment.
About half of food stamp and Medicaid spending also go to individuals in working families
When wage growth keeps up with cost of living increases, inflation (the magical invisible inflation we all see everyday, but economists and the government don’t) and corporate profit growth not as many people will need help from the government. Until then its nice to know that its there if you need it.