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Detailed text transcripts for TV channel - CNN - 20110309:22

Detailed text transcripts for TV channel - CNN - 20110309:22:19:00

as all of our viewers know, government spending is always a concern of jack cafferty. he's here and has "the cafferty file." >> americans have become alarming dependant on handouts from uncle sam, according to a new study. government welfare programs like social security, medicare, medicare, unemployment insurance, made up 35% of all public and private wages and salaries last year. more than one-third of all the money americans earn. these findings are contained in a study of government data done by trim tabs investment research. in 2000, 21% of all wages and salaries in the united states came from social welfare programs. in 1960, 10%. one of the economists at trim tab says that we are in for some difficult times ahead unless this country can get back to at least the 26% level it had before this big recession started. and she says there's only two ways to do that, either increase

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