View Full Version : New report from the Ministry of Plenty ...

05-25-2010, 08:04 AM
Dearest leader's regime has brilliantly lead the USSSA to yet another resounding defeat of the to hat wearing capitalists!

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.

At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010. ...

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. ...

Economist Veronique de Rugy of the free-market Mercatus Center at George Mason University says the riots in Greece over cutting benefits to close a huge budget deficit are a warning about unsustainable income programs.

Economist David Henderson of the conservative Hoover Institution says a shift from private wages to government benefits saps the economy of dynamism. "People are paid for being rather than for producing," he says. </div></div>

&gt;&gt;&gt;ALL HAIL DEAREST LEADER&lt;&lt;&lt; (http://www.usatoday.com/money/economy/income/2010-05-24-income-shifts-from-private-sector_N.htm)


05-27-2010, 08:42 PM

05-28-2010, 05:44 AM
We have always been at war with Eurasia haven't we O'Brien.