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Started By
Message
Our nation’s economic troubles can he boiled down to 1 single issue
Posted on 6/13/22 at 5:55 pm
Posted on 6/13/22 at 5:55 pm
The United States of America now has more takers than makers.
The government has to print & borrow money at unreal rates because there are more folks taking money from the government than there are putting money into the government.
Social welfare spending (medicare/medicaid/social security/food subsidies/housing subsidies/child tax credits/unearned income credits/etc.) is now just OVER half of the federal government’s budget.
If all no-retirement based social spending (medicare & SS for retirees) were removed from the budget, we would have a budget surplus.
As it stands, our $30T national debt will only continue to grow. Can you imagine the 90M people who are currently receiving social welfare assistance deciding to cast their votes for any political candidate whose goal was to reduce the national debt?
Leftists ONLY complain about defense spending - which is definitely bloated - but conveniently leave out the welfare numbers.
We are financially doomed forever with ZERO hope of avoiding impact.
I hope you boomers enjoyed the salad days, because your shitty hippy social programs have doomed all future generations.
Another troubling number…almost $0.20 of every tax dollar now goes to service only the INTEREST of our national debt.
Damnit!!!!
The government has to print & borrow money at unreal rates because there are more folks taking money from the government than there are putting money into the government.
Social welfare spending (medicare/medicaid/social security/food subsidies/housing subsidies/child tax credits/unearned income credits/etc.) is now just OVER half of the federal government’s budget.
If all no-retirement based social spending (medicare & SS for retirees) were removed from the budget, we would have a budget surplus.
As it stands, our $30T national debt will only continue to grow. Can you imagine the 90M people who are currently receiving social welfare assistance deciding to cast their votes for any political candidate whose goal was to reduce the national debt?
Leftists ONLY complain about defense spending - which is definitely bloated - but conveniently leave out the welfare numbers.
We are financially doomed forever with ZERO hope of avoiding impact.
I hope you boomers enjoyed the salad days, because your shitty hippy social programs have doomed all future generations.
Another troubling number…almost $0.20 of every tax dollar now goes to service only the INTEREST of our national debt.
Damnit!!!!
Posted on 6/13/22 at 5:57 pm to Eli Goldfinger
This was planned. You have to go to the branch and cut it off. So we can get back to our roots
Posted on 6/13/22 at 6:13 pm to Eli Goldfinger
quote:
Leftists ONLY complain about defense spending -
Lol they Def are doing that anymore. They are cheering on the MIC right next to the never Trumper neocons.
Posted on 6/13/22 at 6:38 pm to Eli Goldfinger
quote:
I hope you boomers enjoyed the salad days, because your shitty hippy social programs have doomed all future generations.
Another troubling number…almost $0.20 of every tax dollar now goes to service only the INTEREST of our national debt.
Damnit!!!!
Social Security started in the 1930’s….the majority of Boomers who receive Social Security would have been better off to take that payroll tax and put it into a large cap mutual fund…..they would have a lot more money. I wish I had mine and my wife’s payroll taxes for social security over the past + 40 years and was able to have invested it in simple mutual funds…..we’d be independently wealthy…lol!
I think a lot of people who use “Boomers” as their target for displeasure need to understand the socialist shite show that’s eating America alive began in the early 1900’s during and after WWI….it got a lot worse when FDR pushed his socialist policies and then we had a large influx of liberal Europeans after WWI and WWII who just so happened to find their way into our universities…..is it making sense now? This shite show was +100 years in the making and it’s accelerated greatly the past 30-40 years….I offer you Obammy as the final product of European Marxist enlightenment.
This post was edited on 6/13/22 at 6:48 pm
Posted on 6/13/22 at 6:39 pm to Eli Goldfinger
quote:
As it stands, our $30T national debt will only continue to grow. Can you imagine the 90M people who are currently receiving social welfare assistance deciding to cast their votes for any political candidate whose goal was to reduce the national debt?
Who do you believe owns the majority of this debt?
Posted on 6/13/22 at 6:41 pm to Eli Goldfinger
Agree…except in four years, I will be eligible to draw Social Security. Considering I have paid into it for 42 years so far, I expect that I will not be labeled a “taker” at that point and will deserve every dime I draw.
Posted on 6/13/22 at 6:44 pm to AUauditor
That’s why I differentiated non-retirement SS.
Posted on 6/13/22 at 6:52 pm to Eli Goldfinger
quote:
The government has to print & borrow money at unreal rates because there are more folks taking money from the government than there are putting money into the government.
Then they complain it’s not enough and the rich should pay their fair share meanwhile they don’t pay in anything .
It’s maddening.
Posted on 6/13/22 at 6:53 pm to AUauditor
quote:
Agree…except in four years, I will be eligible to draw Social Security. Considering I have paid into it for 42 years so far, I expect that I will not be labeled a “taker” at that point and will deserve every dime I draw.
All the money you’ve ever paid in has already been wasted and spent. They will need to take money directly from others to pay off the portion of our National debt your SS represents
Posted on 6/13/22 at 6:56 pm to Eli Goldfinger
"More people in the wagon than pulling the wagon" as I heard a former southern democrat say decades ago before switching to republican.
Posted on 6/13/22 at 6:58 pm to Bass Tiger
quote:
Social Security started in the 1930’s….the majority of Boomers who receive Social Security would have been better off to take that payroll tax and put it into a large cap mutual fund…..they would have a lot more money.
And they should’ve long ago been given the option to do so.
Posted on 6/13/22 at 6:59 pm to Dawgfanman
quote:
All the money you’ve ever paid in has already been wasted and spent. They will need to take money directly from others to pay off the portion of our National debt your SS represents
Big Ponzi scheme.
Posted on 6/13/22 at 7:04 pm to Godfather1
quote:
quote: All the money you’ve ever paid in has already been wasted and spent. They will need to take money directly from others to pay off the portion of our National debt your SS represents Big Ponzi scheme.
Indeed and the longer it persists the more people, all people, lose. Should be done away with and those who think they are owed something told “sorry it was a Ponzi scheme”.
Posted on 6/13/22 at 7:05 pm to Eli Goldfinger
The Covidians kickstarted the beginning of the end.
Posted on 6/13/22 at 7:06 pm to Eli Goldfinger
Baw… don’t you know this is part of the plan?
Posted on 6/13/22 at 7:56 pm to Eli Goldfinger
There's nothing Federal or Reserved about the Federal Reserve. Start with that one issue and you'll have your answer.
The money changers are behind this.
The money changers are behind this.
Posted on 6/14/22 at 5:15 am to Eli Goldfinger
World’s biggest Ponzi scheme and, as ever, it will collapse…
Posted on 6/14/22 at 6:05 am to Knight of Old
SS wasn’t a bad idea at the time.
If it had been partitioned off from government hands, it would have trillions of dollars sitting in accounts.
Fun fact:
The first president to tap SS funds for unintended purposes was the great progressive hero LBJ. He paid for the Vietnam War by raiding SS.
If it had been partitioned off from government hands, it would have trillions of dollars sitting in accounts.
Fun fact:
The first president to tap SS funds for unintended purposes was the great progressive hero LBJ. He paid for the Vietnam War by raiding SS.
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