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Welfare, US Entitlements: Who is Going to Pay?
Pinnacle Digest writes: Welfare or this idea of handouts and subsidies is not just for the poor anymore, but all classes of citizens and corporations in America. Dependency on government has crossed a dangerous line as many more now take from the system, than give or have stolen and then given to the system. The United States has crossed a dangerous line that will be hard to reverse. By running $1 trillion plus deficits for years simply to sustain and prop up millions of citizens addicted to welfare and handouts the government is risking an all out economic collapse.
Throughout the long history of global banking and currency crises the tipping point has always been when governments expand or devalue their currency to meet their own internal functioning needs. When governments print for a short period of time, during a war or some other set of extreme circumstances and then return to a sound budget, hyper-inflation and currency collapse is usually avoided. However when countries run deficits for long periods of time, devaluing their currency to maintain their very existence or way of life, a currency crisis, or hyper-inflation led default is sure to follow. America has crossed that point. And this latest commentary from Jim Karger a frequent contributor to the Dollar Vigilante reveals all the proof anyone could possibly need.
Below is a Video Entitled - Entitlment Gone Haywire
Here is another shocking video entitled, Chaos Erupts Over Free ObamaHouses
An estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau. In 2009, an estimated 46.5 million received Social Security; 42.6 million got Medicare; 42.4 million were having doctor and hospital bills paid through Medicaid; 36.1 million get food stamps; 12.4 million enjoyed housing subsidies; and 3.2 million got Veterans' benefits.
US households are now getting more in cash handouts from the government than they are paying in taxes.
Someone has to pay.
Karger goes on to explain that, “Yet, "someone" is always undefined. But we all know who someone is, right? Someone is government, our sugar daddy who can magically rain money on anyone anytime. The goal of "Let's Play America" is simple and straightforward: get to the trough first, get your share, and fuck everyone else.”
In closing, Karger believes and states that, “A relative handful know better. They know the collective snorting and sucking is not a prescription for success. And, they know there is no government. Rather, there is a cash machine labeled "government," and behind that machine are millions of productive people who have their money stolen to fund the needs or wants of the unproductive. That theft manifests itself either as taxes or inflation.
The game is no longer won simply by stealing. Nearly everyone is doing that. The game is played well by stealing more than your neighbor. The grand prize winners steal more than they pay, for now.”
As US debt continues to spiral upward, with its President, Mr. Obama claiming there is no budget or debt crisis, (he has just drafted his first ever budget as a President), one has to wonder, how much longer can the Fed, all by itself support an entire country?