posted on Sep, 7 2011 @ 08:49 AM
The answer to all of this is simple:
There are no longer enough working people to pay all of those not working. Why can't people see the simple math in this?
When the number of people paying into the system becomes less than the number of people withdrawing from the system, you run out of money. Period.
Michigan is just the start. This is going to play out all across the US so long as our unemployment and underemployment rates remain at current
levels. Underemployed people tend to make less than the threshold for paying into the system...so that group doesn't contribute money to pay for
those not working at all. Further, many of those underemployed meet current requirements for food stamps, meaning they are also draining the
People need to wakeup to the fact that, despite all the printing by the Fed, there is a finite amount of money that can be doled out before you
bankrupt the system. The system is pretty much bankrupt already and it's only a matter of time before it becomes evident to everyone.
This is why I believe we will end up in a civil war-type situation. The have and have nots. Unfortunately, the demographics also open up the
possibility of turning this into a racial and/or partisan divide.
Further, simply increasing the taxes on the wealthy will not solve the problem, it will only marginally delay it.
The wealth in this country is dropping faster while the numbers of people needing assistance is growing. The equation just doesn't work in the long