Of course, the usual theme is how much money is being wasted on the freeloading poor who reject work and real paychecks for the sake of collecting unemployment benefits and welfare. Fox News recently aired an expose on unemployment beneifts, suggesting the unemployment program is rife with fraud. Apparently, it is an entirely different matter that there is a sizeable expenditure of money on freeloading politicians in Congress who reject work and real paychecks for the sake of collecting government paychecks and those very handsome health insurance benefits. A recent op-ed in the usually conservative New York Times suggests members of Congress are coming under increasing scrutiny.
Both arguments are self-serving and distort the facts. I just paid a hefty sum for taxes today. The question I ask is what return am I getting on my tax dollar investment?
As demonstrated by CBPP pie chart below, the three major “take care of every American” categories, use up $0.54 for every tax dollar collected. Twenty cents on the dollar is used for Social Security payments. I am good with that. Otherwise there would be even more old people than ever blocking my way to the subway – pleading with their sad eyes and little cups for a handout. Same with the $0.13 for each of my tax dollars that is going to the Safety Net Programs - the unemployed are such a nuisance holding the door at the bank and asking for tips. I cannot think of a more efficient or objective way of providing for the weak and unfortunate than Social Security and Unemployment Benefits. Even adding the $0.21 that puts medicine into the mouths of older people and children through Medicare and Medicaid, I am still on board.