What Happens if the Other Half Decides to Cash In?

Discussion in 'Politics' started by jwoodie, Nov 15, 2012.

  1. jwoodie
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    jwoodie Gold Member Supporting Member

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    "Be careful of what you wish for." This saying could portend big changes in the way Americans view our economic system and conduct their lives. This is not an anti-tax rant, but there are a lot of people who already "have it made" and may decide to cash in on government largess rather than work a few more years for a declining benefit to themselves. I believe this is already happening with people who decide to collect UI benefits rather than work or who apply for SS disability benefits, both of which have increased astronomically over the past 5 years.

    If this rate continues to increase, the current debate on reducing the budget deficit will become even more of a farce than it already is. Americans used to work harder and longer than their European counterparts, but this is rapidly changing. Is this cause for genuine concern and, if so, what can/should be done about it?
     

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