Wednesday, August 27, 2014
We will never be able to pay off the Federal Debt. The government (Dems and Republicans in Congress and the Executive Office) will never be able to reconcile their ideology differences and develop solutions for the good of the country - even if there was time; The government will soon cease to exist and therefore be able to pay it's "obligations" which the biggest end if entitlements. Which will put almost 50% of Americans on the streets and push communities into anarchy and chaos. Deaths from violence, starvation and disease will be rampant.
An article by Terance P. Jeffrey says that:
"When America re-elected President Barack Obama in 2012, we had not quite reached the point where more than half the country was taking benefits from the federal government."
"It is a reasonable bet, however, that with the implementation of Obamacare — with its provisions expanding Medicaid and providing health-insurance subsidies to people earning up to 400 percent of poverty — that if we have not already surpassed that point (not counting those getting veterans benefits) we soon will."
"The 153,323,000 total benefit-takers at the end of 2012, said the Census Bureau, equaled 49.5 percent of the population. The 150,026,000 taking benefits other than veterans' benefits equaled about 48.5 percent of the population."
"In 2012, according to the Census Bureau, there were 103,087,000 full-time year round workers in the United States (including 16,606,000 full-time year-round government workers). Thus, the welfare-takers outnumbered full- time year-round workers by 6,544,000."
"In the fourth quarter of 2008, when President Obama was elected, there were 96,197,000 people living in
households taking benefits from one or more federal welfare programs. After four years, by the fourth quarter of 2012, that had grown by 13,434,000.
Those 13,434,000 additional people on welfare outnumbered the 12,882,135."
The collapse of the dollar world-wide or a significant jump in the inflation rate - for which the real rates are being kept secret by the Administration, will trigger this. Imagine what will happen when over 100 million Americans cannot get food to fed their families. It's going to happen. Plan well, prepare even better.