Nearly half of families get government checks

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Bloomberg: “A record 49% of Americans live in a household where someone receives at least one type of government benefit, according to the U.S. Census Bureau. And 63% of all federal spending this year will consist of checks written to individuals for which the government receives currently no services, the White House budget office estimates. That’s up from 46% in 1975 and 18% in 1940.”

“Those figures will climb in coming years. The 75 million baby boomers have only begun their long march into retirement, while President Obama’s health-care overhaul will extend insurance coverage to more than 30 million additional people.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.