And there's the rub - it will collapse, unless it it vigorously reformed. I understand about the moving of monies to priorities, but, one day, the cookie jar will be empty if socialism continues to steal from it.
Funny thing is, it's our so called socialist programs that have suffered the most since Reagan. Social Security, as I already pointed out, is raided daily. We no longer offer many federal grants for education, most of them having long since been replaced them with student loans, which the government makes a ton of money from off the interest. Welfare makes up around 5% of our budget, and last I read, is only running at 80% planned capacity. Healthcare is the only thing that costs us a ton of money, but the majority of that goes to our veterans and elderly.
The vast majority of our budget, nearly 60% all in all, is spent on our military adventurism and R&D, with a goodly chunk going to corporate welfare via tax breaks and subsidies.
And taxes, by the way, are probably one of the reasons why we're having to borrow so much from all our various programs. We don't tax the wealthier part of our economy nearly as much as we used to (and has the Panama Papers have shown us, they've been finding ways to skip out on even paying that, almost at the courtesy of the US government), and even the middle class is having fun with lower than historical average taxes. We just don't have the income we once did. And it's not because our economy as a whole is weak. We're still #1 in the world on that front, and our businesses are enjoying record profits. It's that we can't pay for anything, military or social, without having the taxes there to pay for it.
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And what happens when major corporations and the wealthy decide to leave the US and not pay into Bernie's plan for all of these excessivley higher taxes? Free college education for all, funded by corporate America and the 1%? What a joke. Let me ask, who ends up paying for all the freebee handouts once this burden has shifted to the middle class? Oh yeah, we get a situation similar as with Greece. Good one. Change your name to hoodwinked.
First off, what's going on in Greece is absolutely nothing like what's going on here.
Secondly, Bernie's plans are more akin to the social initiatives presidents such as Roosevelt, Eisenhower, and even Nixon put into play long, long ago. He's more about returning us to the old standard we've been moving away from since the 80's than trying out something brand new. Our welfare and freebie handouts everyone loves griping about are at the lowest they've been since the 40's.
Thirdly, with corporate profits at record highs, middle class wages stagnating since the late 70's, corporate taxes the lowest they've been since the 30's, with the largest majority of our companies not even paying that, and corporate welfare the highest it's ever been, how much corporate ass do we have to kiss to make sure they remain happy? I mean hell, we're in the process of giving up our middle class to maintain their profit margins as we speak. Don't you think we're handing too much economic power into the hands of a select few? Do you really want to see the country produce the 21st century version of robber barons, cuz we're well on the way to doing just that.
