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Spengler

Labor Force Disappears in Obama’s Depression

May 6th, 2012 - 11:49 am

America is becoming a nation of dependents. If more than a fifth of adult Americans aren’t working, what are they living on? The answer: they are living off transfer payments. A fifth of Americans aren’t working, and a fifth of personal income is transfer payments. The math is simple.

TRANSFER PAYMENTS AS A PERCENTAGE OF DISPOSAL PERSONAL INCOME

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