Free Republic

Inquiring minds are investigating Personal Transfer Receipts.Personal current transfer receipts are benefits received by persons for which no current services are performed. They are payments by governments and businesses to individuals and nonprofit institutions serving individuals.Personal Current Transfer Receipts Examples MedicareMedicaid Food StampsSocial SecurityUnemployment InsuranceNotes Nearly every dime of federal government receipts goes to personal transfer payments.Between 1960 and 1970, personal transfer payments were 30-35% of federal government receipts.From 1980-2000 the percentage fluctuated between 50% and 65%.If (when) the economy slips back into recession personal transfer payments will exceed 100% of federal government receipts. Personal Current Transfer Receipts Note that transfer...