Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

40% of the US Economy is now Government Transfer Payment

Enjoy - federal largess now has surpassed sales tax as the top revenue generators for states.  We can continue this shell game forever as long as our overseas creditors allow and/or we can print money from Uncle Ben's printing press and people still love our dollar.  It's a great situation... our deficit spending has no bounds and we can plug every hole! Yippee.