Over half of Americans dependent on Government...

An interesting and troubling article that is featured in the latest edition of the Liberator Online, that provides some statistical evidence as to how large government influence from a financial standpoint has grown to affect a majority of Americans.

I recommend reading the article in full which is entitled, Over Half of Americans Now Dependent Upon Government Money. Gary Shilling, an economist provides the analysis:

Over half of Americans -- 52.6 percent -- depend on government money "in a major way," according to an analysis by economist Gary Shilling.

That's an increase from 49.4 percent in 2000, when a strong economy and welfare state reforms cut government programs.

And it is WAY above 1950, when only 28.3 percent of Americans received significant government money.

Shilling predicts that fully 60 percent of Americans could be significantly dependent on government by 2040, as baby-boomers retire and receive Social Security, Medicare and Medicaid.