Americans More Reliant on Government Payouts

A report in USA Today reveals a scary trend: private sector wages have plunged as a share of national income, while government transfers are up.

Drudge trumpeted this USA Today story, and indeed it is very scary: private sector wages have plunged as a share of national income, government transfers are up.

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But the scariest thing is that the trend does NOT begin with President Obama, it has been rolling for a decade. I'll have more to say on this subject in a broadcast this afternoon on American Public Media's "Marketplace."