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We've Crossed the Tipping Point; most

Posted: Jul 7, 2014

government benefits. Obamacare has pushed us over the entitlements tipping point. In 2011 some 49.2 percent of U.S. households received benefits from one or more government programs—about 151 million out of an estimated 306.8 million Americans—according to U.S. Census Bureau data released last October. Currently, around 6 million to 7 million Americans who have signed up for Obamacare are receiving taxpayer-provided subsidies (though the administration’s numbers cannot be trusted, it’s all we have to work with). There are another 3 million who have signed up for Medicaid. That means some 10 million Americans—or a total of about 161 million—are now getting government subsidies (though the final number might be somewhat lower since some may have been receiving benefits already). ;

We need to recognize that at some point it has to - stop. There is no money.

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But today enjoy it while it lasts. It won’t last for much longer.

Those nasty old senior citizens collecting their SS - sm

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There is so much wrong with that "opinion piece." How many times is each household counted? So they just add on anyone who is getting a subsidy for Obamacare? How do they know if that is a duplicated or unduplicated number?

Of course, the bigger question is how much is the subsidy going to save health care costs in the long run. Article is extremely short sighted.

It would take all day to explain the discrepancies in this opinion piece.

There's "gov. benefits: and then there's gov. benefits. - Many people, including my

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cousin, receive a disability payment from the US Department of Veteran’s Affairs for injuries, wounds, ailments and conditions received as a part of service to the country in uniform. Others get the military retirement they worked for 20 or 30 years to become vested in. Still others get the Social Security retirement they contributed to during their working lives. I do not equate the above with TANF, SNAP, SSDI, unemployment insurance, worker’s compensation.

There are definitely different kinds of government payments, but some people put all the benefits into one basket.

You have people who receive Social Security benefits after contributing to the program for decades. I do not equate the above beneficiaries with those who receive handouts simply for being born or sneaking into the country. There are even some Social Security payouts to people who have never contributed to the program. Again, that is a completely different matter than those Americans who contributed for decades and now deserve what was promised. They never should have started putting that in the general fund. I agree, they should have separated SS. It's still worth reading though.

There are benefits you earn and benefits you don't. They should have separated "entitlements" from "earned benefits."

Seems we constantly hear about how Social Security is going to run out of money. How come we never hear about Welfare running out of money? What’s interesting is the first group “worked for” their money, but the second didn’t.

Detroit, here we come.

I wish I could opt out, it's become a Ponzi - scheme. sm

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With the Social Security Trust Fund exhausting faster than expected, another obstacle to the sustainability of the program is rearing its head: Social Security benefits rest on fewer and fewer taxpayers. This week's chart by Mercatus senior research fellow Veronique de Rugy uses data from the 2012 Social Security Trustees Report to show the number of workers that need to contribute to the system to ensure the benefits for one retiree.

Most of the major shifts in worker-to-beneficiary ratios before the 1960s are attributable to the dynamics of the program's maturity. In the early stages of the program, many paid in and few received benefits, and the revenue collected greatly exceeded the benefits being paid out. What appeared to be the program's advantage, however, turned out to be misleading. Between 1945 and 1965, the decline in worker-to-beneficiary ratios went from 41 to 4 workers per beneficiary.

The Social Security program matured in the 1960s, when Americans were consistently having fewer children, living longer, and earning wages at a slower rate than the rate of growth in the number of retirees. As these trends have continued, today there are just 2.9 workers per retiree—and this amount is expected to drop to two workers per retiree by 2030.

The program was stable when there were more than 3 workers per beneficiary. However, future projections indicate that the ratio will continue to fall from two workers to one, at which point the program in its current structure becomes financially unsustainable.

This is going to pit younger Americans against - retirees, as they are the

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ones who will be paying for this.

Alinsky Rules for Radicals (Obama) - nm

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nm

The younger Americans are already hating the Seniors - Truthhurts

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I've read so many posts on news sites where the younger generation "can't wait for those wrinkled, old fogeys (sp?) lay down and die off because they're the ones causing all the problems."

Oh, yeah. Like they're really trying to solve the problems of this country. I see them complain but never do they state that they're trying to do something about it That's not their job, one had said. It's the job of the government. Uh, huh, and therein lies the part of the problem.

Who do they think invented cell phones and all the - electronics they use,

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my daughter understand the problem, she's 28. I told her if I get any SS (I'm on the cusp), I'll save it for her.

This video was produced by Generation - Opportunity, for the younger

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crowd, some of them do get it including the Social Security problem.

I'm an about-to-be FORCED retiree, because no - one will hire me at age 65.

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They can't have it both ways. Either they can break down the barriers to hiring perfectly capable, employable older Americans, or they can quit their bellyachin'.

And will you invest it in the stock market? - That doesn't sound much better.

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x

I believe the last time the Dow set a new - sm

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record under Bush, not much later it crashed, and people lost their 401Ks. It didn't really hurt the rich people, just the middle class who were playing by the rules.

I'm waiting for the very same thing to happen again now, since there's been no reform on Wall Street regulations.

How come we never hear the pentagon is running out of $? - nm

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Do you really want to go there? - O.M.G.

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If so, I suggest you open a new thread. The Pentagon budget is not an entitlement.

They get a guv'ment check, don't they? - nm - Money wasters

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OMG is right. It must be satire. Now getting rid of the - general services arm would be okay

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in my book. They are the ones who spend $700 on toilet seats.

Nah. You got that wrong. - Truthhurts

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The Pentagon spent $700 on hammers back in the '70s. I remember our friend who worked at the GAO always complaining about the ridiculous costs but there was nothing he could do about it except point it out to the supervisor....which, of course, nothing got done.

The article isn't calling senior citizens nasty. - Truthhurts

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Some 42 million are seniors receiving Social Security and Medicare. They aren’t getting something for free; they faithfully paid into the system for decades with the expectation that they would be getting it back at retirement. And they deserve every penny they get—or may not get if Social Security or Medicare has to cut benefits.

And we're all making lower wages and not contributing as much as before. - sm

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I have seen that argument on here repeatedly about how the left is trying to twist the right's words regarding the seniors receiving what they deserve. We see through that tactic. They don't want to open their eyes to the real truth behind all these government handouts and the lazy takers.

Also, sort of off topic. Hillary claims she gives her money from speaking engagements to charity. Here's the kicker: The charity is the Clinton Foundation.

I thought she told us she was poor? - sacasm NM

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NM

"Dead broke" were her words. - Another liberal liar who is

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counting on her base to remain in the dark or in the sand or where ever they lurk.

The Clinton Foundation was started after - sm

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Since the Clinton Foundation was started after the Clintons left the Whitehouse (when they were several million in debt due to the Ken Starr witchhunt) the statement is totally true.

The conservative regressives seem to have a special kind of learning disability in that they do not understand time continuum.

That's funny! Broke and now dotating all her money, - this is the woman who wants to

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control the economy?

lazy takers and low class citizens. They're all the same - right?

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They should just labor for 40 hours at poverty-level minimum wage and be satisfied with that. They have no place expecting to live the American Dream. That is reserved for perfect right-wing (judgmental) righteous right.

What would you like them to do? You have all the answers. So, what should they do?

Cons live by the golden rule, don't they? Not. How sad and hypocritical.

oh... but they are lazy and they are takers. They work 40 hours and make below poverty level wages. How is that lazy. Oh..they are low class citizens. Not people, just low class. Way to be righteous right!!!

Why is it that we have all the money in the - sm

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world when it comes to doling out benefits to ILLEGAL immigrants?

And we ALWAYS have money to start more wars.

I say deport the illegals and pay the benefits to the ones who deserve them, those who have been working their entire lives in this country, and are LEGAL citizens!

And money to give to foreign countries. - WHY?

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The money should be put towards veteran services to help with medical costs and homelessness. The money we send to foreign countries never seems to reach it's intended target and oftentimes ends up in the hands of terrorists, insurgents or whatever they're called these days. Charity begins at home, my grandfather used to always say.

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