Have we reached PEAK entitlements ?

Clearly, full-time employment is stagnating while the number of entitlement beneficiaries is climbing steadily as the baby Boomers retire en masse. At the same time productivity since 1990 has advanced 58%, a pace that cannot support program costs rising by 500% over the same time frame.

If we are not yet at Peak Entitlements, we are getting close. Short of the Federal Reserve printing $1 trillion a year and distributing it to entitlement beneficiaries directly (with all the unintended consequences of such blatant money-printing), there is no way an economy with stagnant employment and modest productivity growth (roughly 60% in 25 years) can fund entitlement programs expanding by 500% or more over the same time period.




http://www.zerohedge.com/news/2013-10-12/have-we-reached-peak-entitlements

We're not there if we let 17 million more illegals get there way and get amnesty.

You'll know it when initiative has been so squashed that it has left the able no opportunity... such as the arab spring.

We are fortunate to be somewhat insulated here... but we are certainly looking more like italy, greece, portugal everyday.

TEOTWAWKI wrote:Clearly, full-time employment is stagnating while the number of entitlement beneficiaries is climbing steadily as the baby Boomers retire en masse. At the same time productivity since 1990 has advanced 58%, a pace that cannot support program costs rising by 500% over the same time frame.

If we are not yet at Peak Entitlements, we are getting close. Short of the Federal Reserve printing $1 trillion a year and distributing it to entitlement beneficiaries directly (with all the unintended consequences of such blatant money-printing), there is no way an economy with stagnant employment and modest productivity growth (roughly 60% in 25 years) can fund entitlement programs expanding by 500% or more over the same time period.




http://www.zerohedge.com/news/2013-10-12/have-we-reached-peak-entitlements

We're not even close to "peak entitlements".  The whole goal of the Cloward-Piven Strategy, being followed to the letter by President Barack Hussein Obama, is to massively overload all the entitlement programs and collapse the system.

Social Security and Medicare entitlements were paid for by the recipients. That money was borrowed to spend elsewhere, it even led to the appearance of a surplus in the budget during the last few years of the Clinton administration.

Now the Piper must be paid and the Democrats, led by President Barack Hussein Obama, former Speaker Nancy Pelosi and Senate Majority Leader Harry Reid steadfastly refuse to be fiscally responsible.

TEOTWAWKI wrote:Clearly, full-time employment is stagnating while the number of entitlement beneficiaries is climbing steadily as the baby Boomers retire en masse. At the same time productivity since 1990 has advanced 58%, a pace that cannot support program costs rising by 500% over the same time frame.

If we are not yet at Peak Entitlements, we are getting close. Short of the Federal Reserve printing $1 trillion a year and distributing it to entitlement beneficiaries directly (with all the unintended consequences of such blatant money-printing), there is no way an economy with stagnant employment and modest productivity growth (roughly 60% in 25 years) can fund entitlement programs expanding by 500% or more over the same time period.




http://www.zerohedge.com/news/2013-10-12/have-we-reached-peak-entitlements

You post stuff like this and then have the nerve to tell me I'm talking down to an able bodied person who chooses not to work or pay taxes and has no health insurance? Really Teo?

we are at the crucial decision making point of that very thought.

But I am afraid we will loose this battle

The group think give mes utopianites have worked long and hard to socially engineer their prey.

I give it 5 years

we are all sitting quietly in our homes now contemplating what to do. At some point we will know what to do.

the suppression and abuse of the working class people will not last forever.

Social security needs a few modest tweeks, but is good through 2035. A simple raising of the income threshold on ss contributions closes the gap, and our system is entirely funded. In forty years the babyboomers will be dead, and the system will have surpluses........much ado about nothing. Adjust the income threshold immediately and quit worrying about such silliness.

Dreamsglore wrote:

TEOTWAWKI wrote:Clearly, full-time employment is stagnating while the number of entitlement beneficiaries is climbing steadily as the baby Boomers retire en masse. At the same time productivity since 1990 has advanced 58%, a pace that cannot support program costs rising by 500% over the same time frame.

If we are not yet at Peak Entitlements, we are getting close. Short of the Federal Reserve printing $1 trillion a year and distributing it to entitlement beneficiaries directly (with all the unintended consequences of such blatant money-printing), there is no way an economy with stagnant employment and modest productivity growth (roughly 60% in 25 years) can fund entitlement programs expanding by 500% or more over the same time period.




http://www.zerohedge.com/news/2013-10-12/have-we-reached-peak-entitlements

You post stuff like this and then have the nerve to tell me I'm talking down to an able bodied person who chooses not to work or pay taxes and has no health insurance? Really Teo?

This just shows clearly that asking the government to fix this will just give us more of the same. Give them more money and they will waste it on their cronies with cush admin jobs and little will go to fixing healthcare. Your solution seems to be to eat the poor, Never took you for a cannibal...yes make everybody pay and watch the insurance companies and government get rich and nothing will change.

This just shows clearly that asking the government to fix this will just give us more of the same.

President Obama needs to stick to his guns with ss and medicare reform in the big deal and raise the income threshold from106 to 150 next year. SS is solved. These problems are easy.

2seaoat wrote:This just shows clearly that asking the government to fix this will just give us more of the same.

President Obama needs to stick to his guns with ss and medicare reform in the big deal and raise the income threshold from106 to 150 next year.  SS is solved.   These problems are easy.

As you say, Social Security is a trivial, easy fix. The rest are not and are far, far more serious.

Current Debt . . . $16.9 TRILLION Plus the $1.2 TRILLION proposed by President Barack Hussein Obama for 2013. (No budget approved)

Unfunded Liabilities (money we have PROMISED, do not have, nor do we have it coming in)

Social Security. . . . $16.6 TRILLION (10,000 Baby Boomers RETIRE EVERY DAY) (How many workers are entering the job market daily?)

Prescription Drugs .$22.0 TRILLION

Medicare. . . . . . . . $87.5 TRILLION

Total Unfunded Liabilities $126.2 TRILLION!

Number of Households in 2010 = 112,611,029

Unfunded Liability Per Taxpayer $1,101,203.00

http://www.usdebtclock.org/index.html

Sorry senor,

The SS trust fund is doing just fine, and if nothing is done until 2035 the benfits at that time will be reduced by 25% and the fund would go on at that level. Raising the income threshold gets that part solved, but medicare is an easy answer, medicare for all with two new revenue sources which involve a penny transaction on every trade on wallstreet and a 3% national sales tax.......easy answers, and not a cut and paste doom and gloom.

I just love it when you propose govt solutions for govt created problems... lol. It really gives me faith in cons.

2seaoat wrote:Sorry senor,

The SS trust fund is doing just fine, and if nothing is done until 2035 the benfits at that time will be reduced by 25% and the fund would go on at that level.   Raising the income threshold gets that part solved, but medicare is an easy answer, medicare for all with two new revenue sources which involve a penny transaction on every trade on wallstreet and a 3% national sales tax.......easy answers, and not a cut and paste doom and gloom.

As you know, there is no trust fund. Only "file drawers" filled with IOU's. IOU'S which now must start to be paid back instead of being proceeds to the general fund.

Typically, a Progressives answer to everything are MASSIVE TAX HIKES. Tax hikes which would injure the lowest income people the most. What a guy!

2seaoat wrote:Sorry senor,

The SS trust fund is doing just fine, and if nothing is done until 2035 the benfits at that time will be reduced by 25% and the fund would go on at that level.   Raising the income threshold gets that part solved, but medicare is an easy answer, medicare for all with two new revenue sources which involve a penny transaction on every trade on wallstreet and a 3% national sales tax.......easy answers, and not a cut and paste doom and gloom.

On top of the Obamacare tax? Ludicrous.

How much of our own money should the middle class be allowed to keep in order for us to subsidize those who refuse to make the sacrifices we make everyday? How much!!!!!!! ?

because we all know the rich have their loop holes.

How much will we take before we have had enough of being the countries slaves.