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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (485598)6/4/2009 10:52:36 AM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1573829
 
RW, you must be proud. I'll wait while you tell me I'm an ungrateful bastard, yada yada yada ...

Benefit spending soars to new high

usatoday.com

By Dennis Cauchon, USA TODAY

The recession is driving the safety net of government benefits to a historic high, as one of every six dollars of Americans' income is now coming in the form of a federal or state check or voucher.

Benefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income in the first quarter of 2009, the Bureau of Economic Analysis reports. That's the highest percentage since the government began compiling records in 1929.
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