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We’re running out of other people’s money
Flopping Aces ^ | 05-26-10 | DrJohn

Posted on 05/26/2010 5:34:31 PM PDT by Starman417

"The trouble with Socialism is that eventually you run out of other people's money." - Margaret Thatcher

Private pay shrinks to historic lows

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.

Those records reflect a long-term trend accelerated by the recession and the federal stimulus program to counteract the downturn. The result is a major shift in the source of personal income from private wages to government programs.

Read more at floppingaces.net...


TOPICS: Business/Economy; Politics
KEYWORDS: economy; obama; pay; tax

1 posted on 05/26/2010 5:34:31 PM PDT by Starman417
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To: Starman417
Courtesy your friendly neighborhood Commie-Unity Organizer:


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

2 posted on 05/26/2010 5:48:53 PM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: Starman417
We’re running out of other people’s money

Perhaps this has been asked before however just in case it hasn't been asked, can't we just print some more money and have Barrack spread it around?

Is there a transportation shortage because of the gulf calamity to stifle relocation?

3 posted on 05/26/2010 5:49:59 PM PDT by EGPWS (Trust in God, question everyone else)
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To: The Comedian

http://www.youtube.com/watch?v=UJOjTNuuEVw


4 posted on 05/26/2010 5:51:48 PM PDT by EGPWS (Trust in God, question everyone else)
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