and the money runs out.
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” Thomas Jefferson
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” Thomas Jefferson
All the evils, abuses, and iniquities, popularly ascribed to businessmen and to capitalism, were not caused by an unregulated economy or by a free market, but by government intervention into the economy. The giants of American industry—such as James Jerome Hill or Commodore Vanderbilt or Andrew Carnegie or J. P. Morgan—were self-made men who earned their fortunes by personal ability, by free trade on a free market. But there existed another kind of businessmen, the products of a mixed economy, the men with political pull, who made fortunes by means of special privileges granted to them by the government, such men as the Big Four of the Central Pacific Railroad. It was the political power behind their activities—the power of forced, unearned, economically unjustified privileges—that caused dislocations in the country’s economy, hardships, depressions, and mounting public protests. But it was the free market and the free businessmen that took the blame. Ayn Rand “America’s Persecuted Minority: Big Business,” Capitalism: The Unknown Ideal
The crux of the entitlement issue is that many Americans are economically illiterate and that is the elephant in the room that no one wants to discuss and the same holds for healthcare reform. Why are health care costs high? Because shysters sue for millions and millions of dollars for an issue and that drives up insurance costs, which drives up costs all around, because SOMEONE has to foot the bill. Doc chops off the wrong foot? No problem. Just dial 800 SHYSTER and sue for 90 million bucks. Cha-ching. Of course Veterans missing a foot only get 10% from the VA but WTF, right? Thus, the economic illiteracy of the Looters is crushing the economy as they continue to feast at the public trough. All they (or care) about is that they can take a little plastic card into Walmart (who also benefits from the largesse looted from the Producers) and that allows them to buy soda and chops and steaks and chips along with a few lotto tickets! The worse part about it is that the Federal Gruberment not only prevents them from learning economics in school but once they fall into the EBT card swamp, they are little more than slaves to the Federal Gruberment as they have NO savings, NO financial knowledge with which to plan out their future, and they live from month to month with no backup plan!
FACT: The Social Security Trust Fund (raped long ago by LBJ and the Democrats) has numerous revolving accounts/specific accounts and about a hundred USG trust funds. They are approximately $6 trillion dollars in debt. As of 2016, the combined Federal Gruberment’s indebtedness is over $20 Trillion dollars.
FACT: That $20T is over a hundred percent (about 110%) of projected GDP at the end of this 2016. Thus, we owe more than the total value of all goods and services produced in the U.S. over the course of a year.
Add the unfunded liabilities/obligations to pay promised benefits for programs such as Social Security, Medicare, Welfare, Pensions, etc., (about $125T) and one, with an ounce of economic smarts can see that we’re up shit creek without a paddle, a boat, or a life vest. Therefore, in reality, the REAL Federal Gruberment’s debt actually totals somewhere in the neighborhood of $150 trillion or so and with the current U.S. GDP at about $16T, it would take ten years or so of dumping every penny into the debt to pay it off.
It ain’t gonna happen.
Enter the Democruds and idiots like Bernie Sanders who not only REFUSE to call this a problem but call for higher taxes on the rich (which always falls on the Middle Class) to solve the problem. Only they refuse to quit SPENDING!
Case-in-Point: Here in Alaska a bunch of idiots elected an idiot named Walker. The gas line to nowhere one-trick pony. This imbecile inherited a $4B debt and what does he do? He not only raids the Permanent Fund Dividend but doesn’t do a damn thing to end entitlements or stop spending and then used the looted money for something OTHER than its intended use. Why, we’ve got flop houses for drunks, free food for them, and one can earn up to 60K in freebies, all supplied by the idiots in the Alaskan Legislature. (Check the property taxes in Anchorages for a taste of the pain) THEN, this asswipe decides that we need to pay MORE in sales tax and wonder of wonders, we need a State Income Tax. But hey, the drunks have a nice place to pass out in, all bought and paid for by people who have to get out of bed every damn day and EARN A LIVING!
Case-in-Point #2: One can surf free porn at the Alaska Public Library courtesy of the taxpayers. Evidently the freeloaders need to get their jollies on our dime, as well as their food, housing, etc.
Raising taxes is equal to killing jobs and slowing economic growth, as we have seen under Barky Soetoro, now currently in a “Men Only” retreat in Tahiti. As a matter of fact, it has been proven that if the Federal Gruberment seized every penny, it still would not make a difference. Oh, and the GOPe is to blame as well, with idiots like Juan McLame catering to the Pentagon, so that we can meddle in every one’s affairs while our nation goes into the shitter! Add ObamaKare into the mix of governmental interference and stupidity and America is just about toast.
The other problem is that asshats like Bernie Sanders, Hillary Clinton, and every other damn Democrat promise to tax the rich and then distribute the freebies to the lazy, stupid, and economically ignorant and ALWAYS without saying HOW it is to be paid for! Thus no one gives a damn now that the welfare state has reached the point-of-no-return because the entitlement crowd, fat on welfare since LBJ’s Great Society payout (think War on Poverty), now DEMAND that the gravy train continue to roll or else. The latest idiot, Barky Obama, firmly put the USA on a collision course with a debt implosion, by adding more to the debt in the last four years than all the Presidents in the history of America combined and the GOPe did NOTHING to stop him. Who knew that a high degree of melanin was bullet-proof? The Democrats and the GOPe are to blame. Period. End of story.
When the Ponzi Scam breaks… “When the bough breaks, The cradle will fall, And down will come baby, Cradle and all.”
When the Federal Gruberment finally defaults, note that ALL federal benefits will immediately cease. That means tens of millions of angry and hungry EBT debt card users will take to the streets, retired federal employees won’t get their pension checks, and retired military members will get the shaft as well. NO more Social Security checks either as the shit hits the fan and brother, when that happens, the social unrest across America with be ugly and bloody.
And the entitlement crowd? The Federal Gruberment has taught them that YOUR stuff belongs to THEM and they’ll be ready and willing to take it from you because that is ALWAYS the ending to a Ponzi Scam and the dupes who got taken in by it.
Stock up, form alliances, and keep your powder dry!