All levels of government are flirting with bankruptcy. Why?
At the city, county and state levels, the main reason is that public employee unions walk in lockstep with politicians who will grant them pay and benefits far beyond what taxpayers can afford. And union members who oppose certain candidates are often forced to contribute money to help elect them anyway.
At the federal level it comes down to the fact that although half of the people in America pay no income taxes, that same half receives far more than half of the benefits paid for by the government.
To further compound the problem, about 15 million Americans are out of work and about 15 million illegal aliens here are doing work that our citizens could and would be doing if they couldn’t get by just about as well by not doing so.
Oh, and by the way, the top 5 percent of those much-maligned rich taxpayers pay nearly 60 percent of all federal income taxes.
When the financial well runs dry, as it will if spending isn’t reined in, and the government tries to take away or reduce entitlement programs, the riots in Greece will probably seem very mild in comparison to what will likely occur here in America.
It is much easier to give than it is to take away.