5842
« on: December 01, 2015, 02:13:07 PM »
We are well beyond the tipping point. Number of folks in the workforce at an all-time low, food stamp recipients at an all time high, welfare reform totally gutted, many jobs taken down to 29 hours to be part time. None of that is likely to change. The part that really has us over the edge though is the debt, now approaching $20T with no hope of it ever shrinking. Who was the last politician you ever heard say we're going to wok on paying down the debt? You're lucky to get one to even talk about a balanced budget. As the ACA continues to tank and requires more money from the government to keep it afloat, things can only get worse. To even begin making a dent on the debt you would have to cut discretionary spending in half or raise taxes to increase revenue beyond expenditures and that will only produce more spending since we know politicians will trip over themselves to spend any excess money. It's not going to be pretty.