Tuesday, April 26, 2011

Americans depend more on federal aid than ever

By Dennis Cauchon, USA TODAY
Updated 11h 24m ago

Americans depended more on government assistance in 2010 than at any other time in the nation's history, a USA TODAY analysis of federal data finds. The trend shows few signs of easing, even though the economic recovery is nearly 2 years old.

A record 18.3% of the nation's total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits and other programs in 2010. Wages accounted for the lowest share of income — 51.0% — since the government began keeping track in 1929. FULL STORY

Looks to me like the "economic recovery" 2 years ago might have merely been Unicorn farts.

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