Punch line: According to the WSJ, nearly half of all U.S. households now receive some type of government benefit.
- Over 1/3 of Americans lived in a household that received benefits such as food stamps, subsidized housing, cash welfare or Medicaid.
- Almost 15% lived in homes where someone was on Medicare or Social Security, or both.
Reminder: Some 46.4% of households will pay no federal income tax this year, according to the nonpartisan Tax Policy Center. That’s up from 39.9% in 2007
My bet: All of these households think spending cuts are a bad idea …
and tax hikes on other folks are strokes of brilliance.
The Homa Files 