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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (145549)	9/6/2014 8:32:40 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

So if more people are retiring and drawing on public funds and less people are working to pay for that, exactly what do you think will happen to public finances...to the deficits...to the debt...to taxes...to the value of the dollar which determines the value of your savings relative to the things you want to buy? Since few here are able to connect the dots, I'll do it for you. Less people working and more people pulling funds from the government means: * higher deficits and higher debt * means higher taxes or more QE or more artificially low interest rates * means financial repression and lower consumption by individuals and businesses * means a contracting economy * all the while we experience inflation either through price increases or shrinking food packages, higher gas prices, higher health care prices, higher rent...all the real things we buy every day * all of the above means fewer jobs, lower wages * means higher poverty and lower standards of living But hey, in the Democratic Keynesian fantasy world of "don't worry, the government will take care of everything", we always forget that the Government is us. We always pay for the tab. There is no free lunch. Socialism does not work. Never has and never will. A very accurate slogan would be "Socialism does not work...it retires." BTW, Cuba's motto is "Socialism or Die". How appropriate. Seems you feel the same way.