Why We're More Dependent on Government Support Than Ever
On average, 20 cents of every dollar of disposable income comes from the government
By Meg Handley
May 5, 2011
US News and World Report
money.usnews.com
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My comment...
Government social benefits (aka transfer payments) account for nearly 20% (20 cents of every dollar) of our disposable income. That's unemployment insurance, social security, medicare, medicaid, fed/mil retirements, etc. Which is why balancing the budget is virtually impossible.
TheNewGildedAge.blogspot.com This blog focuses on the growing inequality of income and wealth in the U.S. As Warren Buffett said in 2008: “There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.”
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