If interest rates rise for any reason, then the nation's budget becomes mush as interest payments on the national debt soar.
Andy you thought the riots over the fully-justified shooting of Michael Brown were bad? Wait until all of those people get their bennies cut when the economy collapses. You ain’t seen nuthin’ yet.
It’s just a matter of time.We’re doomed to civil war,insurrection and the destruction of the Republic.
had a 200 pound small height woman in front of me the other day.
We pay nearly 300 a week for food etc, and yet she had twice as much as us.
3 parts she paid for.
One welfare food stamp card for food, next a flimsy paper card for toilet paper etc, and another card for utensils etc.
No wonder she was laughing a joking in front of us.
Saw her later getting in her nice new vehicle, but I can’t say anything as that would be racist.
Also ever noticed that those on welfare are not that thin, so they are hardly starving.
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.”
Something has to give. If the trend is reversed, there will be a soft landing. The trend will not be reversed. There will be a very, very, hard landing, as in lots of deaths.
REDISTRIBUTION -— What Hussein promised to Joe-the-Plumber in 2008
I agree.
Why does nonworking American make many times more than the unskilled worker of China?
I’m thinking it is because they are being held up by all the skilled capitalists in USA, but as that number drops, our unskilled or nonworking will head towards Chinese pay levels.
The only thing that lets this farce continue is the US dollar reserve currency status. The day that ends is the day the entire rotten structure comes crashing down.
Add in the State and local transfer payment recipients.
And this welfare can never be reduced without riots not unlike America has never seen before. Millions will tear America apart.
By the way once again, miss Romney yet. That was the biggest mistake millions of ignorant Americans will regret. You have taken the biggest part in America’s destruction.
Thanks for the population data on the occupants of OBAMANATION, fully funded by Speaker “Blank Check” Boehner, of course.
Obama/Democrats only mention the “middle class” during election season, but nobody mentions the now 35% according to this. I guess everybody knows this 35% does not vote.
The funny thing is that these 35% or so actually think Democrats are with them, in the same way majority of blacks feel the Dems are with them.
What`s my point? I have no point, just saying.
Yeah this country is finished-society and govn policy has pushed past the point of no return. The liberals have destroyed the country. The dark days, collapse of all infrastructure, and die off are coming. When? Months? Years? Probably not a decade. It’s been a good ride cowboy.
Incorrect. "The federal government" has no money. This money is coming from the few people that still have jobs.
I’m going to join those roles in 11 months. My wife will turn 62 and we’re taking her Social Security as soon as possible.
Land of the free(bie), Home of the Wards-of-the-State.
PING