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

Tuesday, August 21, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/21/2012

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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