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Government payments were 18.3% of total income in 2010. You think any Republican would have allowed

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-11 09:30 AM
Original message
Government payments were 18.3% of total income in 2010. You think any Republican would have allowed
That?

Wages as percentage of income at low

Published: April 26, 2011 at 3:20 PM

WASHINGTON, April 26 (UPI) -- Financial analysis conducted by USA Today found that U.S. wages as a percentage of personal income fell to the lowest point in 82 years in 2010.

Wages made up 51 percent of personal income last year, while government payments hit a record 18.3 percent, as unemployment benefits, rising healthcare costs and a sluggish economy pushed the figure higher, the newspaper said.

In February 2011, wages fell to a record 50.5 percent of personal income, but government payments have leveled off at an annual rate of $2.3 trillion.

Government aid came out to an average of $7,427 per citizen last year, more than double the $3,686 average from 1990 with figures adjusted for inflation.

http://m.upi.com/m/story/UPI-88881303845601/
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BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-11 09:35 AM
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1. Interesting numbers
I'd like to see the aid figure adjusted for demographics, as well as where the real increase is coming from. We're getting older, and our health care system is taking advantage of it.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-11 09:44 AM
Response to Reply #1
2. I'm sure the unemployment extensions and cobra assistance were big too.
It really burns me to see our Prez dissed by our side as center right. Argh.
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