Entitlements were the problem the day they were implemented and the logical conclusion is inevitable. Our leaders in both parties have ignored reality for too long.
If they print $400 for every $100 in savings we have, our savings (valued in dollars) is pretty much worthless.
They can also seize our savings and it still would not change the inevitable failure of the biggest ponzi schemes in history.
Either way, we are deprived of what we earned and failure is certain. When they choke the productive, revenue decreases, hastening the day entitlements fail. If they steal our savings and seize our property the economy collapses depriving them of the revenue needed to fund entitlements (or the ability to borrow).
The irony is, those who live on entitlements will be hurt the most. Our government would still print the checks until the cost to mail them was more than the real value of the check. They can try any combination of things to include price controls and it still won’t work! We are starting to hear 100 trillion dollars in unfunded promises. A number that is as far beyond our imagination as is our ability to pay for it.
Buckle your seatbelt because it’s going to be a bumpy ride! Prepare accordingly.
Good post. How am I going to prepare for this...??
Getting married in 2 months, selling my house & moving into hers, so what do I do with the cash from the sale of the house?