Vanity: So when will the "Entitlements Crash" occur?

Vanity | November 10, 2012 | Me

[The Working Man]

The question that arises in my mind now is this: When will the "Entitlements Crash" occur?

First off by "Entitlements" I mean those programs that the Government has labeled as such. Social Security in it's myriad forms, Medicare, Medicaid, ObamaCare/Health care mandates, and a all of the rest of similar programs.

Next a "Crash" is like the stock Market Crash of 1929.

As I see it we will probably see the "Entitlements Crash" in mid 2014 and at the latest by early 2016. Why then? Well I expect that the U.S. will see at least 70% to 80% of the population on "assistance" of one sort or another probably food stamps/EBT. The remaining workers/producers/taxpayers can't pay enough in taxes to fund those programs as well as the other Government programs.

I also believe that Treasury bonds will have to have exorbitant rates of return before anyone would even think of purchasing them. That will come about as our Credit rating slides down towards "A" from the "AAA" it was when Obama became president in 2008. To me that will indicate that our borrowing will be at an end. The old "I'll gladly pay you on Tuesday for a hamburger today" will be over and done and tromped into the ground.

So... With demands for services way up! And income WAY down. Something will give, Bankruptcy or simply halting those services or at the least knocking them way back. An "Entitlements Crash".

So for me it will come as early as 2014 or as late as mid 2016. What about you? What do you think?

[ez]

Thanks for scaring the crap out of me. And thanks for the warning...

http://www.youtube.com/watch?v=nXg2WsNCrW4&feature=related

[PMAS]

We should start a thread here listing the companies and why

[dfwgator]

As soon as a Republican is back in the White House.

[Freedom_Is_Not_Free]

Why do we always here about the billions of dollars that will be cut from the defense budget due to the sequestering deal at the end of the year, but we never hear that an equal amount is supposed to come from cuts in entitlements?

Because the Republicans are idiots. During the last debt ceiling debate, Boner and the morons in the GOP controlled House caved in and agreed to a Democrat proposal to automatically slash defense spending upon inability to agree to other government cuts.

The GOP are the Stupid Party, just getting more stupid every session. They can’t stand to win and are very very good at losing.

[RipSawyer]

“Declaring a date of 2014 to 2016 may be unduly optimistic.”
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It may be VERY unduly optimistic but one thing I have learned is that Old Rip Sawyer is not a good judge of the timing, I am amazed that we have not collapsed already. Things are in terrible shape but not as bad as I expected by now.

[nomad]

Look, information is still free-free to take and learn from or ignore, but don`t blame others if you refuse to be educated and it turns around and bites you.I honestly, I can`t believe there are freepers who haven`t begun to educate themselves to this.

[nomad]

Now bear in mind that a lot of this is to be taken with a grain of salt but it starts one thinking, doesn`t it?While you`re there check out TEOTWAWKI and SHTF too.

[PMAS]

I’ve read those, good stuff.

If I leave my blue area, what do I do with all of the ammo :)

[nomad]

Didn`t say become a refugee, I`m planning a strategic retreat, just need to get a few things straightened out first. My advise to all of us stuck behind enemy lines is to hunker down, get our ducks in line, and move as soon as possible.

I hate the north anyway, liberals displace and project their feelings, the most bigoted/racist people I`ve ever met are up north, black, white, brown, it doesn`t matter. People down south are pretty cool if you act like a human being and not some ghetto/bario/trailer-trash waste of a human life.