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Wednesday, March 09, 2011

CNBC's Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages - CNBC

READ MORE: CNBC's Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages - CNBC: "“The U.S. economy has become alarmingly dependent on government stimulus,” said Madeline Schnapp, director of Macroeconomic Research at TrimTabs, in a note to clients. “Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.”"

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