April 20, 2012 § Leave a Comment
Yesterday I re-wrote about Tytler:
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.
The post when on to cite recent news about how we’re nearing this point. We have a record number of folks on food stamps, approaching a majority. We also have a record number of folks who do not pay any taxes… also approaching a majority. Therefore we are at the point whereby the majority will vote in their own self interest and sink the entire country.
Today this story comes along:
A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office, according to the latest official government data, as discouraged workers increasingly give up looking for jobs and take advantage of the federal program. …
Since the recession ended in June 2009, the number of people who’ve signed up for disability benefits is twice the job growth figure. (See nearby chart.) In just the first four months of this year, 539,000 joined the disability rolls and more than 725,000 put in applications.via Investors.com.
For those that don’t know, disability is something you’re on forever… as in until you die. You basically become a drain on everyone else in society. The story goes on:
This is straining already-stretched government finances while posing a long-term economic threat by creating an ever-growing pool of permanently dependent working-age Americans.
A long-term economic threat indeed!!
As a result, by April there were 10.8 million people on disability, according to Social Security Administration data released this week. Even after accounting for all those who’ve left the program — mainly because they hit retirement age or died — that’s up 53% from a decade ago.
We need everyone to understand that for every person doing nothing collecting a check we need 15, 20, or 30 people out there working and paying taxes for those that don’t. Further, for every government worker, you need another 20, or 30 workers to pay for their salary and benefits.
Our ratios of workers to non-workers and workers to government employees is out of whack and unsustainable. Those who do can no longer support those who don’t (and those who do but do so for the government.)
Big BIG trouble ahead.