Tip:
Highlight text to annotate it
X
Okay, here's a sure sign of impending economic collapse coming to the United States in 2012 or very soon afterwards.
More than 100 million people in the United States are on some kind of welfare. And this is not Social Security or Medicare, this is real welfare which includes food stamps and medicaid as the largest chunks of payments to individuals.
Medicaid has increased from 34 million individuals in 2000 to 54 million last year in 2011. And recipients of food stamps have increased from 17 million in 2000 to 45 million in 2011.
Does anybody see a problem here? How do you think we will continue to pay for these entitlements if we have fully one third of our country receiving them?
Were not food stamps and medicaid put in place for those less fortunate than the rest of us? How could one third of us be less fortunate than the other two thirds?
Oh wait, with the total federal benefits going out that rate is really more closer to 50%.
So that now means that 50% are less fortunate than the other 50% of us. Hello politicians, wake up! Hello voters, wake up!