Wednesday, August 08, 2012

A Bleak Future Ahead

110 million americans are on federal welfare subsidies. That's 35% of all americans. Only 13% of americans are over 65 years old and 24% are under 18 years old. So either all children are on welfare or about half of kids and 12% of adults 18-64 are on welfare. Half of immigrants are on welfare. This country is in ruin now, borrowing $1.3T per year to keep the gravy train rolling. What happens when 77 million boomers get old and the percentage of elderly doubles? Does the US borrow $2.6T per year?

Half of americans die with less than $10,000 in assets. What will happen when pensions are history, most people are working part time jobs and are spending a quarter of their income on Obamacare? Will 99% of americans die with no assets? The future looks bleak.

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