Nearly a quarter of every dollar spent on consumption in America derives from a federal government transfer payment. Image: Screengrab / Peter G Peterson Institute

NEW YORK – The US economy added an unexpectedly large 336,000 jobs in September, buoyed by the largest peacetime budget deficit in history and a flood of transfer payments in the form of federal hand-outs to individuals. Almost one-quarter of every dollar spent in the United States for personal consumption today comes from a federal […]

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