un-Real Estate

This is from a Forbes Newsletter "The Housing Crisis isn'tover" (Gary Shilling):

...Dangerous Levels of Government Dependence

High and chronically rising unemployment is clearly unacceptable politically and will spawn massive federal job-creating projects—and many more Americans who are dependent on the government for major parts of their income. They already numbered 58.2% of the population in 2007.

From 1950 to 1980, those with their feet planted firmly in the government feeding trough swelled from 28.7% of the population to 61.2% as state and local aid programs brought on tens of millions of new food stamp recipients.

By 2018, 67.3% of the population will be financially dependent on government...