Who Is Paying for the Government’s Largesse?


Emma Walsh

Aug. 9, 2020


The feds’ generosity knows no bounds…

The “transfer” payments’ total for the year is looking likely to hit $12 trillion. That’s a lot of zeros.

But with a shrinking economy and record unemployment, the entire U.S. labor force will only earn $8.6 trillion this year. So who’s paying for the government’s largesse?

Emma Walsh
Managing Editor, Bill Bonner’s Diary


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