Posted on 09/22/2014 11:21:46 AM PDT by Jim Robinson
Financial expert and author, Joe Hoft, told Breitbart News Executive Chairman, Stephen K. Bannon, that America’s exorbitant spending on social programs is a disaster waiting to happen, on par with or greater than the bank meltdown in 2008.
Appearing on Breitbart News Sunday on Sirius XM Patriot to discuss his book , Falling Eagle Rising Tiger, Hoft explained that when the Great Depression paralyzed America in the 1930’s, President Franklin Roosevelt did not let the crisis go to waste and pushed for social change with his New Deal.
Joe, the identical twin brother of the controversial purveyor of Gateway Pundit, Jim Hoft, contends that over the past century the United States has become increasingly a socialist state. Yet, according to Hoft, social change in America has not gone very well.
The enormous welfare handouts, which Hoft relates are now in excess of $1 trillion annually, are unsustainable...
(Excerpt) Read more at breitbart.com ...
Oh the irony. I wonder what they Occupy Wall Street kids think about this. That’s right. They don’t think. They just scream for “More More More!” government spending and social programs because our “greedy rich” aren’t “paying their fair share.”
If indeed the Chinese are buying up US debt, then why worry? Our welfare state will be their concern.
/s
More freedom and more opportunity in China.
Our welfare program has created a permanent under class who a nearly incapable of supporting themselves. And race has nothing to do with it.
Obama has gutted the small effort to improve on the system and the GOP says little about it. The only portion of the under class who is able to rise above it is now caught up in the easy fraud to take greater advantage of it and the Rats will block any reform to reduce the fraud. Plus..we have a lot of politicians who believe that we can run a welfare state with open borders…
It is no wonder that China and many other developing countries are getting all our manufacturing jobs.
This is easy to explain:
In China, they still go by the time tested axiom, “If you don’t work, you don’t eat.”
In the USA, it’s “If you don’t want to work, you don’t have to. Just vote Democrat and all your needs will be taken care of.”
Our welfare program has created a permanent under class who a nearly incapable of supporting themselves. And race has nothing to do with it.
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most everyone able-bodied is able to support themselves if given enough incentive. Food and shelter are amazing incentives.
In China, they still go by the time tested axiom, “If you don’t work, you don’t eat.”
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Biblical to the core.
In China, welfare cheats wind up in a rice paddy - either working in it or floating in it.
The one social program the Chinese have that the demoncraps here wish they could copy is the One-Child Policy.
Well, drat and geewhiz!
I am here to say, in the manner used by most of today’s elected, that it is all the fault of Lyndon Baines Johnson, and his pernicious Great Society programs, which begat the generation of lazy, no-good, stoop-sitters-awaiting-labor free-money!
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