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Updated about 13 years ago on . Most recent reply
![Rich Weese's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/22471/1621361890-avatar-venomousviper.jpg?twic=v1/output=image/cover=128x128&v=2)
- Real Estate Investor
- the villages, FL
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perfect storm update and concerns
Update of concerns on perfect storm I see forming.
There are more and more "voters" requiring entitlements. Here are a couple today.
1. Tens of thousands nearly riot for the opportunity to get an application to be on the WAITING list for more section 8 money in Atlanta.
2.Protesters outside Wall street today protesting not for more jobs, but for LONGER unemployment benefits. 99 weeks is not enough. How long should we de-encourage folks from finding a job?
3. Lets just give all senior citizens a check for $250. Talk about a vote buying scam!
How is that real estate giveaway working out with $6500 for down? Just like the cash for clunkers program.?
According to the Treasury dept:
1. 15% have defaulted already
2. 20% more are already delinquent.
Do we just keep throwing future generations' money down the hole? I repeat again, we can't afford it. Rich
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"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship. The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
* From bondage to spiritual faith;
* From spiritual faith to great courage;
* From courage to liberty;
* From liberty to abundance;
* From abundance to complacency;
* From complacency to apathy;
* From apathy to dependence;
* From dependence back into bondage."
-- Attributed to Alexander Tyler