Art Cashin On The New Normal’s New Populism: 165 Million As State Dependents?

Tuesday, August 21, 2012
By Paul Martin

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.

The Rest…HERE

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