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JACKPOT USA: 11,004,507: Disability Beneficiaries Top 11 Million for First Time

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For CNSNews.comTerence P. Jeffrey reports: The total number of disability beneficiaries in the United States topped 11 million for the first time last month, increasing from 10,996,447 in April to a record 11,004,507 in May, according to new data released by the Social Security Administration.

TOTAL DISABIILTY BENEFICIARIES-MAY-PHOTO

The number of Americans receiving disability benefits continues to exceed the populations of Greece, Tunisia and Portugal and is drawing closer to Cuba, whose population of 11,047,251 (as reported by the CIA) is just 42,477 more than the 11,004,507 Americans receiving disability benefits…(read more)

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Progressives in Paradise: Obama Calls for Highest Sustained Taxation in U.S. History

BARACK OBAMA-AP_TAXES

(CNSNews.com) – Terence P. Jeffrey writes: In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the analysis published last week by the Congressional Budget Office.

Under Obama’s proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024. During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.

America has never been subjected to a ten-year stretch of taxation at that level.

Highest Sustained Taxes

In the twelve fiscal years preceding the Japanese attack on Pearl Harbor (1930 through 1941), federal taxation averaged 5.3 percent of GDP.

In the five fiscal years encompassing U.S. involvement in World War II (1942 through 1946), federal taxation averaged 16.1 percent of GDP.

In the fiscal years since World War II (1947 through 2013), federal taxation has averaged 17.1 percent of GDP. Read the rest of this entry »


2013 Closes With Record Number on Disability Getting Highest-Ever Monthly Benefits

TREASURY-AP PHOTO-CROPPED_0(CNSNews.com) – Terence P. Jeffrey writes:   The total number of people in the United States now receiving federal disability benefits hit a record 10,988,269 in December, up from the previous record of 10,982,920 set in November, according to newly released data from the Social Security Administration.

The average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December, up from a previous high of $1,130.34 in December of last year.

Spouses of disabled workers also got a record average monthly benefit of $308.13 in December, up from a previous high of $304.31 in August. Children of disabled workers also received a record average monthly benefit of $341.42 in December, up from a previous high of $337.13 in May.

As CNSNews.com reported earlier this month, the number of Americans getting disability benefits now exceeds the entire population of Greece, which is 10,772,967, according to the CIA World Factbook.

The record 10,988,269 total disability beneficiaries in December, included a record 8,942,584 disabled workers (up from 8,941,660 in November), 1,888,624 children of disabled workers, and 157,061 spouses of disabled workers.

Read the rest of this entry »


10,982,920: More Americans on Disability than the Total Population of Greece

No job? No worries. I'm on disability. Woohoo!

No job? No worries. What’s my disability? I don’t remember. What was the question again? (Shutterstock)

Entitlement Nation: How We Lost the Cold War (and Marxism Won)

(CNSNews.com) – Terence P. Jeffrey reports:  The total number of people in the United States now receiving federal disability benefits hit a record 10,982,920 in November, up from the previous record of 10,978,040 set in May, according to newly released data from the Social Security Administration.

Child holding Greek Flag (photo AP)

Greece: Child holding Greek Flag (photo AP)

The 10,982,920 Americans taking disability benefits in November outnumbered the total population of Greece, which is 10,772,967, according to the Central Intelligence Agency.

The record 10,982,920 total disability beneficiaries in November, included a record 8,941,660 disabled workers (up from 8,936,932 in October), 1,883,594 children of disabled workers, and 157,666 spouses of disabled workers. Read the rest of this entry »


2013 Treasury Statement: Under Obama, U.S Gov’t Debt Held by Public Up 90%

President Barack Obama (AP Photo/Susan Walsh)

President Barack Obama (AP Photo/Susan Walsh)

(CNSNews.com) – Terence P. Jeffrey reports: The U.S. Treasury released its last Daily Treasury Statement for fiscal 2013 yesterday afternoon, revealing that during the presidency of Barack Obama the U.S. government debt held by the public has increased 90 percent.

At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the U.S. government debt held by the public was $6,307,311,000,000, according to the Daily Treasury Statement for that day.

At the close of business on Sept. 30, 2013—the last day of fiscal 2013—the Daily Treasury Statement said the U.S. government debt held by the public was $11,976,279,000,000.

The $11,976,279,000,000 in U.S. government debt held by the public on Sept. 30, 2013 was $5,668,968,000,000 more than the $6,307,311,000,000 in debt held by the public on Obama’s first inauguration day.

That is an increase of 89.879 percent—or approximately 90 percent. Read the rest of this entry »