Friday, November 05, 2010

Recession Not Over

When you examine the real numbers.

Here's a little nugget in the article I didn't know:

Government checks of one form or another are about 20% of total personal income in the U.S. Will the lame-duck Congress extend those benefits? Will they extend the Bush tax cuts? I recently spoke to with Suze Orman. She said she thinks they should raise the limit to $500,000 or $1 million. That higher number would be a reasonable compromise, in my humble opinion. Will the Republican Congress agree when they come back?


Yikes. It does not strike me as either fair or sustainable if 20% of income in the US is supplied by the Government. Or does this include government employees? I suppose that makes more sense.

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