Time High

excerpt…
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. “This is really important,” Grimes says.

http://www.usatoday.com/money/economy/income/2010-05-24-income-shifts-from-private-sector_N.htm

BOOKISH: If you wnat to question the numbers, I believe you’ll have to interrogate the USA Today, since this is their research.

Secondly, it’s easy t ounderstand, not difficult….private pay, NOW makes up the smaller part of income!! AND Govt pay-outs, the biggest…see, easy. You don’t need to try and confuse things when it’s this straight forward.
NOKILLI: How can you be so lost? Socialism is a result of free markets? You must be having a bad day…this is a result of Govt taking over most of the traditional roles of people and people becoming more nad more lazy, ignorant, and addicted to an easy, (albeit very low) level of income…because life is hard and things aren’t fair

http://www.digitaljournal.com/article/58196/37_Percent_of_U_S_Births_Out_of_Wedlock