once the number of people taking from the government exceed the number contributing to it
elections will no longer matter
just look at what is going on in Wisconsin with the Walker recall
it is going to be close
but
the taxpayers will win this one
and
the teachers and public unions will lose
now
they realize that they will have to back off
and
wait for the taxpayers to go back to sleep
the tipping point has already been reached in that the debt shows more money is being taken than being contributed
but
elections still matter until more people are put on the dole
and
this will happen
if
the right people do not get out and vote
the tipping point has already been reached in that the debt shows more money is being taken than being contributed
But there is a plan! Haven't you noticed that the Fed has been pushing down the governments cost of borrowing? 30 year treasuries are at 2.8% interest and 10 years at 1.7%. Gosh, think what the payments would be if 30 year treasuries were up at say 7%. Drop them to 1% and then someone will realize that they can be pushed to negatives. With 15 trillion in debt pushing interest rates to -5% would solve the deficit crisis. We could do this and still lower the tax rates for the wealthy so the republicans should love the idea.
But there is a plan! Haven't you noticed that the Fed has been pushing down the governments cost of borrowing? 30 year treasuries are at 2.8% interest and 10 years at 1.7%. Gosh, think what the payments would be if 30 year treasuries were up at say 7%. Drop them to 1% and then someone will realize that they can be pushed to negatives. With 15 trillion in debt pushing interest rates to -5% would solve the deficit crisis. We could do this and still lower the tax rates for the wealthy so the republicans should love the idea.
Once a reasonable persons vote no longer counts, smart people will slowly start expatriating, it wont happen over night because the process of getting out of the nation is long and hard. It will be a VERY slow denigration to 2ond world status and perhaps even 3rd world status in the generations to come.