Sheep go meekly to slaughter, pigs go squealing. Where does that leave us, the minority? In trouble. When the "majority" get to vote themselves endless amounts of your income, savings and wealth there is no reason to keep working harder to make them fatter.
And all the baby boomers are all going to retire in the next ten to fifteen years. Why does that matter you wonder? The baby boomers are the highest paid workers, small business owners and savers of money in this country. When they retire their tax revenue will be hard pressed to be replaced and they will go from payers into the system to takers out of the system, big time.
If not for two kids still finishing their educations I could retire today. Could do it anyways if I was willing to dip into savings to pay for their medical schools. Point is that my tax contributions will go from well over a hundred grand a year down to less than twenty. In fact my SS benefit should be much more than the taxes I pay into the system. And I am just one of a couple million, tens of millions of soon to retire baby boomers.
The cash flow problem headed for the US Government is a major concern. We have used T-Bills to keep the money flowing but that can't go on for ever. The traditional investors of T-Bill will be running out of money to invest as the oil dries up in the middle east, the baby boomers retire and Europe goes total Socialist.
How is the Democratic party going to keep spending other peoples money when we stop making it for them to spend? This run away train is about to run off the tracks and I for one do not look forward to the crash that must be coming. You can not spend five to ten percent more money every year than you take in for decades and not have a day of reckoning which is coming near.
