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
Welfare Handouts Make Up a Third of U.S. Wages
CNBC is reporting that handouts are a significant part of U.S. wages:
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That's just great. Now they call SSN part of government payouts. For years, as I was paying into SSN I railed against it. I wanted to invest my own money for my own retirement. But nooooo. It's a good thing I invested as much as I could myself and that is whats keeping me afloat today.
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