As more and more people develop the entitlement mindset, and elect leaders and representatives that pander to same, the fall into economic and societal oblivion is only a question of when.
At which poiint, a new dark age begins.
Yada, yada, yada, you believe that the majority of Americans would choose a government stipend of $1000 per month over working for a wage that pays them double or much more. It cracks me up that people actually buy into such nonsense. America is being brought to its knees because of all the poor people, whaaaaaaaaaaaaaaa!
It is the fact the MAJORITY of Americans is diminishing that are paying the $1,000 stipend because right now the person who receives the $1,000 stipend also receives these benefits NOW!
a) Free Cell phone (my cell phone I PAY is about $100/month)
if the poor person receives just one of the below FREE entitlements:
* Food stamps * Medicaid * Section 8 * Supplemental Security Income * National School Lunch Program
b) 40 million Americans on food stamps get $200/month in free food.
it cost $75.7 billion in 2011 compared to $35 billion in 2008; and enrollment has hit an all-time high of 46.7 million recipients. Meanwhile, the number of children receiving free school lunches has inflated from 18 to 21 million — an unprecedented jump —
about 2.1 million households (6 million) use Section 8 the Housing Choice Voucher program, pays a large
c) portion of the rents and utilities of or the Housing Choice Voucher Program up to $1,000 /month in FREE housing...
So these people get
=== $ 5,666 in EIC cash,
=== $12,000 free housing ,
=== $ 2,400 free food,
=== $ 1,200 in free cell phone plus
=== $ 5,000 a year in free health care from Medicaid.
So this is about $26,000 a year in FREE MONEY, free goods and free services...
Add another $12,000 in stipends I'd not work!
The problem is there are less people working to make the money to pay those benefits!
which is why China owns 30% of our debt. Which is why interest on the debt will In 2022, under Obama's budget, while net interest payments will be $743 billion or 12% of the budget.
And it will increase even more dramatic as USA's credit rating continues to decline.. means paying higher interest rates!
As a result, America’s gross debt under the President’s plan, as reported by his own Office of Management and Budget (OMB), will rapidly climb $25.4 trillion in 2022—$10.6 trillion above where it stood at the end of 2011. In other words, the President’s core budget claim – that he has a ‘balanced’ plan to reduce the deficit – is provably and outrageously false. He raises taxes to fuel a gigantic spending increase in Washington."
Overall, his budget would increase federal spending 58% - from a budget size of $3.6 trillion today to $5.9 trillion in 2022, and increase gross federal debt by 72 percent.
Payments on Interest to Exceed Defense Spending by $125 Billion | The Weekly Standard