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So are untaxed government transfer benefits".
Government transfer programs such as Social Security were also insulated from the business cycle.
Much of that growth has been subsidized by government transfer payments, however.
A program with almost unrivaled political support, he added, could turn into yet another government transfer program.
The third is personal income minus government transfer payments, including welfare, and the fourth is manufacturing and trade revenue.
For all the talk of an extreme right-wing revolution, government transfer programs like Social Security and Medicare have continued to grow.
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And what difference do taxes and government transfers make?
data does deal with the effect of government transfers.
Of course, the idea of cutting some government transfers provokes protest in some quarters.
But rental income fell, as did some government transfers to the private sector.
But important government transfers, like Social Security payments and Medicare bills, would most likely continue undisrupted.
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