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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
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To: Pogeu Mahone who wrote (111265)3/16/2015 2:22:14 PM
From: Elroy Jetson  Read Replies (1) of 218913
 
You can say the Republican Party is full of shit when they describe the majority of Federal spending as simply "a socialist wealth transfer" - that's Medicare and Social Security they're talking about.

Those two entitlement programs already make up far more than half of Federal Spending.

They transfer tax money from hard-working Americans to retired Americans most of whom no longer count as participating in the Labor Force Participation Rate, whose decline has so alarmed Fox News and Republicans.

You can mock the Tea Party and Republicans when they call Medicare and Social Security "The Entitlement Programs" -- but that doesn't make them agree with you.
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