Art Cashin On The New Normal’s New Populism: 165 Million As State Dependents?
by Tyler Durden
Some must read observations on the dangerous path down which American society is headed.
Via UBS Financial Services
A Somewhat Ominous Op-Ed Recalls A Manufactured Ominous Quote – An op-ed in Forbes last week by Bill Wilson is causing some buzz in Wall Street watering holes. Its title is “165 Million Americans Are Dependents of the State: Is Tyranny Next?” Here’s a bit of the essay:
Is America descending into a dependency state, where the majority uses its voting power to demand government services from taxpayers?
New research from Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) reveals that this reality may already be here, with more than 107 million Americans on some form of means-tested government welfare.