Ask not what your government can do for you – there is a limit
The government has no business trying to run entitlement programs such as Obamacare – no business acumen whatsoever. Social Security is going bankrupt. As reported in 2010 in the New York Times, the program was already paying out more money than it had coming in (6 years before it was predicted to happen) with only IOUs in its so-called trust fund.
Medicare Hospital Insurance Trust Fund expenditures have exceeded income annually since 2008 and are projected to continue doing so under current law in all future years. It could go bankrupt by 2016 according to Forbes. Obamacare is also scheduled to take $500 billion from Medicare funding exacerbating the problem.
The government’s welfare spending has grown by 32 percent over the past four years under President Obama, with his stimulus spending, his lackluster economic recovery and his removal of the work provisions of welfare, which have resulted in qualifying millions more for public assistance.
Food stamps and Medicaid make up a large–and growing–chunk of the more than 100 million recipients on some form of government assistance.
“Among the major means tested welfare programs, since 2000 Medicaid has increased from 34 million people to 54 million in 2011 and the Supplemental Nutrition Assistance Program (SNAP, or food stamps) from 17 million to 45 million in 2011,” says the Senate Budget Committee. “Spending on food stamps alone is projected to reach $800 billion over the next decade.”
Federal spending on more than 80 low-income assistance programs reached $746 billion in 2011, and state spending on those programs brought the total to $1.03 trillion, according to figures from the Congressional Research Service and the Senate Budget Committee.
That makes welfare the single biggest chunk of federal spending — topping Social Security and basic defense spending.
As a consequence of these programs the government shouldn’t be running, the country is going bankrupt and increasing its deficits by over $1 trillion per year under Obama, for a total of over $6 trillion dollars in less than five years, and another $6 trillion under Bush in his eight years.
The debt ceiling and the national debt have more than doubled under Bush and Obama – more than all preceding presidents combined and our government can no longer afford to spend money they don’t have.
Progressive politicians will once again go to the tax trough, because the government doesn’t have any money to pay on their credit cards, other than that confiscated from the taxpayers.
What do progressives think the maximum tax limit should be, if any, for all these programs? There isn’t enough money available from all the rich over $250,000, using all the assets and profits the Fortune 500 corporations to pay for the government for even a year at the current rate of spending without taxing all the people.
There is a limit on what government can do for you!
There’s no money left for all these entitlements, they are failed experiments and the country is at its financial limit, if we care anything for our children and grandchildren!