Conservatives keep talking about a “tipping point.” With one hundred million people getting some type of transfer payment, we already are passed the tipping point. We are in a Welfare State death spiral where people don’t have the maturity or emotional toughness to cut back on transfer payments. The answers keep coming back to “have someone else pay for it” by either borrowing or taxing the mythical “rich.”
well, we have fully 1/3 of people in this country on public assistance of some kind.
Can a nation survive long term with such a dependent class?
After watching Paul Ryan on Morning Joe today, I'm convinced our legislators don't have the maturity or emotional toughness to slow down this runaway train.
How can there be any justification for amnesty and increased (or even sustained) immigration when these issues exist?
We also need to face the fact that there are plenty of corporations that are strong supporters of amnesty and increased immigration, in order to have access to cheaper labor. They don't care about Americans, and are multi-national and somewhat impervious to what happens here.
That tipping point was mentioned above. Interest rates, particularly on the federal debt, can’t stay down much longer. Eventually the Fed runs out of room to rathole the bonds and they have to go on the market. NO ONE is going to buy them at 2% or whatever stupid low rate they are now. When the interest rates start climbing the unicorns will start dying. And remember this: If what the Fed is doing now to keep rates down is such a heckuva good idea then why didn’t they do it in the Carter years when we had to live with a decade and a half of stoopid high rates? And Nobody could afford a house?
..........or printing money 24 / 7 / 365...........or just creating electronic dollars.....................