A whooping 60 Percent of the federal budget is dedicated to “entitlements”. These entitlements are written in law, ‘‘mandating’’ that they must be funded. This means that only 40 percent of the federal budget is available for the rest of America’s fiscal needs. Such as the military, roads and bridges, and the salaries of our ever growing federal bureaucracy, including $130 million for the 22 servants of Michelle Obama and the salaries of Obama’’s 33 new czars.
It is safe to say that the 40 percent of Americans who work and pay taxes are paying for the 60 percent of those on ‘‘entitlements’’ who contribute little or nothing to the economy. This 60 percent is the main voting block for the Democrat Party who strive to maintain this percentage.
Since the federal government can’t survive on 40 percent of the tax revenues produced by workers, we borrow money from foreign governments to take up the slack. We then print this borrowed money for circulation. There is no real money in our Federal Treasury! Or national debt now stands at an ever growing $12,436,232,598,314.90. That’s trillions and it’s growing by billions every single day. In 2009, under Obama’’s reign, the deficit increased a record breaking $1.42 trillion. Every one of the 300 million American citizens, man woman and child, now owes over $40,000 to foreign countries.
If Obama and congress continue their unrelenting spending habits, America will be heading for bankruptcy, devaluation of the dollar and uncontrollable inflation. The dollar will no longer be the ‘‘world currency’’.
The Social Security Trust Fund has been robbed by congress and is empty. Medicaid is an unsustainable burden on the states and the federal government. Inner city public housing has become a sanctuary for drug dealing, murder and fatherless children who receive ‘‘entitlements’’. Food Stamps are often traded for cash to buy booze or cigarettes. The working fathers of children of ‘‘single mothers’’, who are on entitlements, often live with the ‘‘single mother’’. The “Free Cell Phone” will make communication easier for the drug dealers.
Below is a list of these socialistic “entitlements” and the president that was in power when they were created. Notice that all were Democrats!
Social Security: FDR 1935
Aid to Families With Dependent Children: FDR 1935
Food Stamps: JFK 1962
Medicare: LBJ 1965
Medicaid: LBJ 1965
Section 8 Housing: Carter 1978
Free Cell Phones: Obama 2010
Socialized Health Care? Obama 2010
We simply cannot lower the $12 trillion plus foreign debt without taking those who can work off the ‘‘entitlement’’ roles, put them to work and add their taxes to the pot. Welfare Reform legislation was passed by a Republican congress, but was watered down by President Clinton.
We need a new Entitlement Reform Law. Every single American on an entitlement must verify their eligibility every year. If they do not verify their eligibility, they will be taken off the roles. There will be a random person to person investigation of each person on an entitlement. If they have taken money under false pretenses, they will be prosecuted.
There will be plenty of jobs for these people now on entitlements when we deport all the illegal aliens who are now taking 10 million American’s jobs.