Tuesday, March 8, 2011

Welfare State: Handouts Make Up One-Third of U.S. Wages


CNBC's Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages - CNBC
"Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement."

So, you thought we were a free-market, capitalistic society, huh?

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