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<p>[QUOTE="InfleXion, post: 1648879, member: 29012"]I don't see social entitlements going bankrupt as long as the people can pay more taxes and the debt can be monetized. Everyone depending on their handouts will receive it, but the people who don't depend on them will see less and less of the money they make, and less and less buying power on the money they already have, making them more likely to start taking the free handouts, and less likely to be paying in, especially if the employment to population ratio continues to decline as it has been. </p><p><br /></p><p>As more baby boomers retire the 47% will grow as the number of people getting a free ride increases and the number of people pulling the cart decreases. As more workers receive a greater burden on their stagnant wages for those not working, this slippery slope we are on of cart pullers carrying entitlement receivers will accelerate until the point where nobody is pulling the cart anymore. After that nobody will be getting any handouts.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1648879, member: 29012"]I don't see social entitlements going bankrupt as long as the people can pay more taxes and the debt can be monetized. Everyone depending on their handouts will receive it, but the people who don't depend on them will see less and less of the money they make, and less and less buying power on the money they already have, making them more likely to start taking the free handouts, and less likely to be paying in, especially if the employment to population ratio continues to decline as it has been. As more baby boomers retire the 47% will grow as the number of people getting a free ride increases and the number of people pulling the cart decreases. As more workers receive a greater burden on their stagnant wages for those not working, this slippery slope we are on of cart pullers carrying entitlement receivers will accelerate until the point where nobody is pulling the cart anymore. After that nobody will be getting any handouts.[/QUOTE]
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