Headdesk: Welfare is 1/3 of wages in US

Posted on March 8, 2011 by alan

CNBC reports: Handouts from the Government are one third of wages in the US.

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.

This entry was posted in Socialist Hellhole. Bookmark the permalink.

5 Responses to Headdesk: Welfare is 1/3 of wages in US

  1. Old NFO says:
    March 8, 2011 at 19:07

    Of the three, ONLY Social Security is actually ‘earned’ in some fashion… sigh…

  2. Pingback: SayUncle » Welfare state

  3. Kevin Baker says:
    March 9, 2011 at 09:47

    I’ve had a post marinating in the back of my brain for a damned month, and pieces like this keep dropping into the marinade.

    I can’t decide whether to be pissed or completely depressed.

  4. Glen says:
    March 9, 2011 at 16:53

    No Social Security income is “earned.” It is a purely pay-as-you-go entitlement that transfers (via taxes) incomes from younger workers to older retirees and the disabled.

  5. Stone Paris says:
    March 10, 2011 at 12:38

    So if 1/3 of wages are entitlements, and what percentage of wages are government jobs? Another 1/3? So, is 2/3 of our economy government payout? I want to cry now.

Comments are closed.