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.Wow. Just wow. I don't think that's sustainable.
Tuesday, March 8, 2011
CNBC is reporting that handouts are a significant part of U.S. wages: