“This Grand Bargain is coming apart as the promises made to everyone cannot possibly be met. Claims on welfare and disability programs are skyrocketing at the same time that the demographics of an aging populace are causing 10,000 people a day to enter Social Security and Medicare, the two costliest government programs. Meanwhile, the upper middle class that pays most of the taxes has been slammed with lower income and a devastating drop in their housing-based net worth.”
http://charleshughsmith.blogspot.com/2012/12/the-fiscal-cliffs-structural-endgame.html
Related posts:
From the Files of the Nineveh PD
Should You Invest in the Marijuana Boom?
The States Could Reform Obamacare If Only We Would Let Them
Fred Reed: The Eye of Sauron
How Congress Puts Itself Above the Law
Realism versus Nonintervention
Ten Ways to Get People to Change
What's Up with Inflation?
The Only Truly Compliant, Submissive Citizen Is a Dead One
The Rise of the Antiwar Libertarian Republicans
Rand Paul: Is 1984 Now?
“The Government is US?” Not Unless We’re Citigroup
The Reason Police Brutality Is Rising
Iraq back at the brink
Gold and Syria