Where is the money going to come from?
I am concerned about where the is money going to come from to support the federal government’s spending habits. The money that us old folks received from Social Security is not the money that we paid in, the government spent that a long time ago, but it is money that current workers are now paying into the system.
Here is what worries me. More people are receiving money from the federal and state governments than those who are working.
Here are some interesting figures:
• 109,600,000 Americans were on some form of means-tested welfare, including Medicaid, food stamps and public housing in 2012.
• 43,700,000 of us are on Social Security, Medicare, unemployment, and other government programs.
• 21,900,000 government employees who are working at the federal, state and local level. This according to Bureau of Labor Statistics.
Add in the number of children under 18 who are not in any of the above figures and you have about sixty percent of the population that is not working. That means 40 people are supporting 60. And folks, at the current rate, this will only get worst as time marches on.
Robert Romano, the senior editor of Americans for Limited Government, stated the following on this matter:
There are “About 53 percent of the 235.6 million voting age population who at least nominally have a majoritarian interest in the continued expansion of government.”
“The point is not to belittle or besmirch those who are on the take, nor to overlook those who paid taxes into these vast programs. The fact is, it is virtually impossible to get through modern life without taking advantage of them.”
James Madison and the framers of the constitution, according to Romano, “thought that through the scheme of elected representatives, state legislatures appointed senators, plus having a large, geographically wide republic and constitutional limits on the power of government, a tyranny of the majority would not appear.
“But did it work?
“The American experiment with constitutionalism was supported to have cured what Madison called the ‘mischiefs of faction.’ Yet, as the limits of government have been peeled away by successive administrations and Congresses over decades, and ten of millions have become enrolled in the dependency state, sadly, it would appear it was as effective as every failed experiment that came before it.”
Thanks for reading! — Carlton