Private Pay Shrinks, Gov Handouts Soar

May 25, 2010 at 08:17 (Economy, General Stupidity, News)

Yeh, this is great news, if you are an America-destroying leftist.

Key shifts in income this year:

• Private wages. A record-low 41.9% of the nation’s personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007.

•Government benefits. Individuals got 17.9% of their income from government programs in the first quarter, up from 14.2% when the recession started. Programs for the elderly, the poor and the unemployed all grew in cost and importance. An additional 9.8% of personal income was paid as wages to government employees.

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