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Our nation’s economic troubles can he boiled down to 1 single issue

Posted on 6/13/22 at 5:55 pm
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
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!!!!
Posted by TNoon
Member since Nov 2020
2453 posts
Posted on 6/13/22 at 5:57 pm to
This was planned. You have to go to the branch and cut it off. So we can get back to our roots
Posted by BlackPawnMartyr
Houston, TX
Member since Dec 2010
15320 posts
Posted on 6/13/22 at 6:13 pm to
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 by Bass Tiger
Member since Oct 2014
46150 posts
Posted on 6/13/22 at 6:38 pm to
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 by Dawgfanman
Member since Jun 2015
22425 posts
Posted on 6/13/22 at 6:39 pm to
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 by AUauditor
Georgia
Member since Sep 2004
1012 posts
Posted on 6/13/22 at 6:41 pm to
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 by Toomer Deplorable
Team Bitter Clinger
Member since May 2020
17738 posts
Posted on 6/13/22 at 6:43 pm to
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 6/13/22 at 6:44 pm to
That’s why I differentiated non-retirement SS.
Posted by Lawyered
The Sip
Member since Oct 2016
29322 posts
Posted on 6/13/22 at 6:52 pm to
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 by Dawgfanman
Member since Jun 2015
22425 posts
Posted on 6/13/22 at 6:53 pm to
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 by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64051 posts
Posted on 6/13/22 at 6:56 pm to
"More people in the wagon than pulling the wagon" as I heard a former southern democrat say decades ago before switching to republican.
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
79707 posts
Posted on 6/13/22 at 6:58 pm to
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 by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
79707 posts
Posted on 6/13/22 at 6:59 pm to
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 by Dawgfanman
Member since Jun 2015
22425 posts
Posted on 6/13/22 at 7:04 pm to
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 by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260689 posts
Posted on 6/13/22 at 7:05 pm to
The Covidians kickstarted the beginning of the end.
Posted by DownSouthJukin
Coaching Changes Board
Member since Jan 2014
27275 posts
Posted on 6/13/22 at 7:06 pm to
Baw… don’t you know this is part of the plan?
Posted by pizzathehut
west monroe
Member since Jul 2016
789 posts
Posted on 6/13/22 at 7:52 pm to
NO SHEIT
Posted by GoAwayImBaitn
On an island in the marsh
Member since Jul 2018
2143 posts
Posted on 6/13/22 at 7:56 pm to
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.
Posted by Knight of Old
New Hampshire
Member since Jul 2007
10983 posts
Posted on 6/14/22 at 5:15 am to
World’s biggest Ponzi scheme and, as ever, it will collapse…
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 6/14/22 at 6:05 am to
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.
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