Sunday, September 2, 2012

The Expansion of Political Payoffs to the Masses

After adjusting for inflation and population growth, entitlement transfers have grown 727% since 1960, reports WSJ.

It is these entitlements that politicians are afraid to take away, for fear of losing votes. But, the entitlement give aways are far too large to pay for with taxes on the remaining productive class, so money is borrowed and borrowed, and the Fed will print and print to support the debt issued, until eventually the system will collapse.


  1. Aaron Director explained this long ago. Its too bad most can't see what is going on. If the middle class does die, it will be at its own hands.

  2. This goes back at least to Benjamin Franklin: "When the people find they can vote themselves money, that will herald the end of the republic."