Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data. http://www.cnbc.com/id/41969508 -------- We have gone off the rails. I now don't believe the U.S. government can fix the budget/deficit problem. Too many people have a vested interest in keeping this ponzi scheme of a government going. As the baby boomers move onto the SS and government pension dole the numbers of people relying on the government for their income will sky rocket. There is just no way out. The $6 billion in cuts the Democrats propose and the $60 billion the Republicans propose are not even worth arguing over. They will do no good. Unless the budget can be cut by HUNDREDS of BILLIONS of DOLLARS (and it won't) we are doomed. What do you think? Can we grow our way out of this debt? Will Congress find the balls to make the huge cuts necessary? What do you do to protect yourself and your family from the apparently inevitable collapse?
About what I'd expect from one who posts on ET about the value of masturbation: http://www.elitetrader.com/vb/showthread.php?s=&postid=2421276&#post2421276