![]() ![]() If Social Security expenses exceed SSA tax revenues, the Treasury sells bonds to cover the shortfall.) (Recall that all Federal spending is "pay as you go"-there are no vast pools of money laying around in trust accounts. ( That Which is Unsustainable Will Go Away: Medicare May 16, 2012) Add in all the other State dependents and the ratio is perilously close to 1-to-1. Here in the U.S., there are 115 million full-time private-sector jobs and over 100 million dependents on the State just in the Social Security, Medicare, Medicaid and food stamps programs. The entire developed world is facing the impossibility of one full-time worker supporting one State dependent. The demographics of a dwindling workforce and an expanding populace of State dependents cannot be gamed or disappeared by artifice. They never bothered to understand me, etc.ΔΆ. Married couple in counseling: France and Germany: It's all his/her fault. What did we do to deserve this? It's not fair. Excuse us, but did anyone look at how we got rich? Hard work, cuts in spending, high taxes and a tight lid on wages. Put-upon Germany: We were just minding the store here, racking up 40% of our GDP in exports and raking in bank profits loaning money to our Eurozone compatriots, when suddenly everyone who's lived beyond their means demands that we refinance their debts because we're rich. ![]() Put-upon Greece: We were just minding our business here in the sunny south, living happily on borrowed billions in a thoroughly corrupt Status Quo, and suddenly we're debt-serfs squeezed by rapacious Eurozone enforcers of the banking cartel. Until then, all we have is replays of the same boring plot lines: ![]() Nothing will change until some critical part of the worm-eaten, corrupt construct of artifice and denial collapses in a heap. What's more tiresome than a hastily rehearsed soap opera that replays the same boring plots again and again? Re-Runs of that soap opera. The Eurozone "drama" is now in re-runs and I for one am switching channels. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |