Has there ever been a period in U.S. history when government assistance programs have consumed a greater share of the U.S. economy than they have since 2009?
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Since 2009, government assistance programs have consumed more of the U.S. economy than ever recorded in the nation's history. Concurrently, the U.S. is at or near modern lows in labor force participation rates and hours worked per person. Per Lawrence Summers, former chief economist to the Obama administration, government assistance programs provide people with "an incentive, and the means, not to work."
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