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  • dowjones1234 dowjones1234 Nov 21, 2012 6:21 PM Flag

    Republicans Deserved to Lose But, Obama Bought the Election

    Statistics comparing Means Tested Entitlements (Food Stamps, Housing, & Welfare, excludes Medicare, Medicaid and Social Security) from 1999 to 2011.

    The US is slipping into an entitlement economy that will look like Greece, Spain, Italy, France and others in just a few short years.

    Don't tell me that Obama did not "buy" the election with "free stuff" for those making $30K per year and under.

    In 1999, Means Tested Entitlement spending as a % of the Federal budget was 9%, in 2011 it was 16%. A 78% increase

    In 1999, US Households on Means Tested Entitlements was 41 million, in 2011 it was 107 million. A 161% increase.

    In 1999, 23 million people were on food stamps, in 2011 it was 45 million. A 96% increase.

    In 1999, 3.5 million people were on disability. In 2011 it was 8.8 million. A 151% increase.

    In 1999, Black unemployment was 14.3%. In 2011 black unemployment was exactly the same as it was in 1999, 14.3%.

    It's very hard to compete with Santa Clause.

    I was on a project in Venezuela in 1998 when Hugo Chavez was elected it's President. He ran on the same principles and planks in 1999 as Obama did in the 2008 and 2012 elections, more free stuff with no responsibility or accountability in the future, only what people want and need for today. Mr Chavez continues to be re elected and take a look at his declining country, economy and it's dismal future.

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