This Tee Shirt Reveals Obama`s New America


By Bernie on 05 Jun 2012


ineptocracy
Ineptocracy:

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.


Half the country is now on some sort of Federal or State government assistance such as Medicaid, food stamps, special payments for pregnant women, Section 8 housing subsidies, Temporary Assistance for Needy Families (TANF), Head Start, Work Study, Medicare, unemployment benefits and a hundred other programs.

If you are wondering why I include unemployment benefits as welfare, it's very simple, most of those collecting unemployment compensation, if not for the extensions, would be on welfare instead (1).

All of this can be blamed on President Obama. For example, just in regard to food stamps alone there are now more than twice as many recipients as there were under President Bush (2).

Some leftist apologists may argue that the increase of those on the dole has to be blamed on the bad economy and has nothing to do with Obama.

Actually, the bad economy is indeed Obama's fault. While he may have entered office with a bad economy, in the past three years he has only made things worse. For example, in 1996 Congress passed a law (Personal Responsibility and Work Opportunity Act) intended to encourage states to get people off welfare and onto payrolls; however Obama has been using the stimulus to give states billions (3) for families to receive welfare or other assistance without subjecting them to the requirements of the 1996 law.

Instead of spending money on job training or retraining, it's spent on direct cash-assistance which only helps perpetuate chronic reliance on welfare.

Every year, fewer and fewer people pay income taxes. Presently, half the country doesn't pay any Federal Income Taxes. If the trend continues, eventually there may be only one person left paying taxes. OK, obviously the John Galt Effect (4) would kick in way before that happens. I don't know exactly when, but one day, there will not be enough taxpayers left to support the leeches among us. By then, millions of the productive, such as Eduardo Saverin (see my article Obama and the Transformation of America), will leave our shores for tax havens, leaving even fewer victims to tax.

I have my suitcases packed.




ENDNOTES


(1):

Wall Street Journal Online, 22 Jun 2009, Numbers On Welfare See Sharp Increase

The lag in the increase in welfare cases during the worst recession in a generation is curious to some some scholars. "In many respects, the mystery that had been operating until now had been how can there be such a rapid increase in unemployment and long-term unemployment and not show up in the welfare [system]?" says Mark H. Greenberg, director of Georgetown University's Center on Poverty, Inequality and Public Policy.

The extension of unemployment benefits by Congress -- for as long as 59 weeks in some states -- may be one reason.

"To some extent unemployment [compensation] is doing what we hoped it would do, which is being the first safety net for unemployed workers," says Don Winstead, the deputy secretary of Florida's Department of Children and Families. Without those extensions, he added, the number of families on welfare in Florida would have risen even more than it has: up 14% in June versus a year ago.

(2):

American Thinker, 10 Feb 2011, The Welfare State of the Union

Significantly, in 2006, near the height of the historic Bush economic expansion, the number of Americans receiving food stamps was just over 20 million. Since then, the number of recipients has more than doubled, with nearly all of the increase coming under the presidency of Barack Obama. In fact, one of the under-reported stories of the past two years is that the number of Americans receiving food stamps has increased every single month under the Obama administration. Even with the recent decline of the unemployment rate from 10% to 9.4%, the number receiving food stamps has continued to increase.

(3):

Wall Street Journal Online, 22 Jun 2009, Numbers On Welfare See Sharp Increase

The federal government's fiscal stimulus includes $5 billion for states where more families receive welfare or spending increases on employment subsidies or short-term emergency assistance. That provision sparked concerns from the Heritage Foundation and other conservative groups that President Barack Obama was undoing the provisions of the 1996 law intended to encourage states to get people off welfare and onto payrolls.

(4):

The Freedom Fighter's Journal, 5 Sep 2009, OBAMA & THE JOHN GALT EFFECT

A few weeks ago, some of you may have seen a news story about "missing millionaires" in Maryland. The Maryland legislature drastically raised state income taxes, but only on millionaires—and the result, when the next year's tax returns came in, was that a third of the state's millionaires disappeared.

This story immediately reminded me of Ayn Rand's classic novel Atlas Shrugged. The plot of the novel revolves around the idea of men of talent, including spectacularly successful businessmen, suddenly disappearing. This is what the title Atlas Shrugged refers to: what if the people who "hold the world on their shoulders" like Atlas, decided to shrug off that burden and let the world fall?








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