May25
Private pay shrinks to historic lows as gov’t payouts rise
on May 25th, 2010 at 10:19 pmPrivate pay shrinks to historic lows as gov’t payouts rise
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.
Now tell me this isn’t socialism. The private sector is disappearing quickly under Obama, while the government’s role in upkeep of the public is growing.