If you think the U.S. government is rapacious now, this is small change to what they’re going to be when economic and financial calamity really hit. From MN Gordon at economic prism.com:
The United States is lurching towards an epic financial catastrophe. This isn’t a novel insight. The great tragedy has been in the works for decades. Anyone with a mild inkling of curiosity knows what’s going on.
According to the U.S. Census Bureau’s population clock, the U.S. population is over 334 million. This, no doubt, is a lot of mouths to feed and people to clothe and shelter. But that’s not all.
Many of these people also need some sort of medical care throughout the year. Some may break their arm. Others may have their appendix burst or suffer cardiac arrest. There are also serious medical emergencies from car accidents or other hazards.
In an economy characterized by limited government and individual liberty people are self-supporting. They provide the means to pay for these needs through the fruits of their own labors. Minors are supported by their families until they can provide for themselves. The elderly may fall back on their kids if they didn’t squirrel away enough nuts during their working years.
In an economy characterized by central planning this is not the case. Large segments of the population are dependent on government programs for their daily bread. They also look to the benevolent hand of government to pay for their drugs and other medical needs.
The U.S., over the last 100 years, has transformed from a nation of self-supporting individuals to a nation of collective dependents. In fact, the U.S., at this very moment, is closing in on a significant milestone.
Several days before the Ides of March, 100 million people – or approximately 30 percent of the total population – will be on Medicaid. Can you believe it?