- Infowars - http://www.infowars.com -

American reliance on government at all-time high

Posted By admin On March 1, 2010 @ 12:52 pm In Old Infowars Posts Style,U.S. News | Comments Disabled

Patrice Hill
The Washington Times
March 1, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

The so-called “Great Recession” has left Americans depending on the government dole like never before.

Without record levels of welfare, unemployment and other government benefits as well as tax cuts last year, the income of U.S. households would have plunged by an astonishing $723 billion — more than four times the record $167 billion drop reported last month by the Commerce Department.

Moreover, for the first time since the Great Depression, Americans took more aid from the government than they paid in taxes.

The figures show the devastating results of the massive job losses last year and indicate that the economic recovery that began last summer is tenuous and has a long way to go before many Americans resume life as normal, analysts said.

Read entire article


Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/american-reliance-on-government-at-all-time-high/

Copyright © 2013 Infowars. All rights reserved.