Monday, July 11, 2011

As Government Aid Fades, So May the Recovery - NYTimes.com

As Government Aid Fades, So May the Recovery - NYTimes.com: "An extraordinary amount of personal income is coming directly from the government.

Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics. In states hit hard by the downturn, like Arizona, Florida, Michigan and Ohio, residents derived even more of their income from the government."

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