(Analyst's note: Troubling. As a nation we are in an ever increasing socialist spiral into dependence on our federal gov't for our "income." Simple common sense will tell you that this is unsustainable. We already have some 40% of our adults not even paying taxes. Keep taking from the piggy bank without putting money in and eventually the bank is empty. So it will be with our gov't who depends on us for money. This system has never worked for long. We see it failing all around us. What we are seeing is a national "death" spiral -- hello Greece -- if we don't return to the basics of what once made this country great.)
"The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says."