In our recent discussion, many of you say that this financial situation the nation finds itself in is fixable. All we have to do is eliminated this Federal department, that one, and then convince the recipients of all the Fed Bucks that it’s for everyone’s benefit that they stop getting government checks. Do you even hear what you are saying? Comments like this are simply not realistic:
- Once DOGE is done and we quit using the Federal Reserve Note…
- Flat Taxes have to come with spending cuts and entitlement program reform…
- Did you know that snowballs last longer in hell if you put little hats on them?
Ok, that last one is me. Still, there is no way that millions of Federal employees, a hundred million welfare recipients, and 70 million Social Security recipients are going to sit idly by while DOGE and DJT tell them that the money faucet is being shut off. Even the medical field, my own profession, cannot survive without government money.
- In 2022, 53% of Americans received at least a quarter of their income from government aid, up from 1% in 1970.
- Government transfers account for 18% of all personal income in the United States
- One in four Americans received Medicaid in 2022
- One in five Americans received Medicare in 2022
- One in five Americans receive Social Security
- 12% of Americans are on Food Stamps, and 39% of children in school receive free lunches at school
- In fact, Americans received $3.8 trillion in government transfers in 2022
- Then there are employees. There are 28.5 million people directly employed by governments in the US.
- Millions more are employees of businesses that owe their livelihoods to government largesse.
More than half of the residents of this nation are net receivers of government funds, and there is no recovering from that. To illustrate- what would you say if DJT and DOGE announced tomorrow that to save the nation, the entire Social Security and Medicare system was ending on January 21, but the taxes would remain in order to pay off the massive $40 trillion in debt? Would you be OK with that, or would you scream some variation of “That’s my money! You took it from me, and I want it back?” Or would you calmly walk into personal bankruptcy, secure in the knowledge that your personal sacrifice saved the nation?
Call it doomsaying, call it black pill, call it what you want- but saying that we can vote our way out of this is foolishly mistaken. There are no cuts, no magic wand waving, and no solution that the people of this nation will accept until they are forced to accept it. This only ends when the current system collapses.
Whatever your own personal theory on how to save this sinking fiscal ship, there isn’t one that enough people will accept that will be doable. It just isn’t going to happen. Instead of fixing it, we kept kicking the can down the road, and we will continue to do so until it all collapses.
This isn’t a new thing- I have been telling people this for 20 years.