In 1950 there were 16 workers for every retiree. Today there are 3.3, and by 2030 there will be two. By 2030, the number of Americans over 65 will be one in five, which is twice what it is today. Americans have been living beyond their means for decades.
And then there is immigration. We are importing 1.2 million legal immigrants a year, most of them poor and uneducated. 53% of immigrant headed households are on welfare. As Milton Friedman said, "You cannot simultaneously have free immigration and a welfare state.” We have both.
All true, and that’s the very concept of a “tipping point.” Doesn’t matter if Obambi only spends $1.00. If that dollar constitutes the tipping point, the spending is wrong.
All that you’ve said shows why we have no choice but to get this spending under control. That’s why I think the ONE goal of the Tea Party should be smaller, limited government. For one thing, this means smaller, limited entitlement programs.
I know it seems impossible to walk things back, but it is what it is.