Just accept it – we're going broke!

[Rich Weese]

http://www.deseretnews.com/article/765606100/Reclaiming-Americas-social-compact-through-entitlement-reform.html?pg=2

I hope people will take time to consider this article and the charts/graphs that are in it. Those that think we're headed the right direction, please explain to me how? Give me one tangible statement or occurrence from the current president that makes you think anything will be different in the next four years than what these charts show. Stimulus 4 or QE 4 leading to progress when the first three did not, is kind of like the old adage of adding 2+2 and expecting to get five!

Here is what the following charts show as our current situation.

50% of households now received at least one federal check monthly.

Nearly half pays zero income tax (yes, I'm aware they pay other taxes but so does the other half already).

50 years ago the annual federal transfers was equal to 24 billion in today's dollars – in 2010 that number had risen to $2.2 trillion in transfer of money, goods, and services, which was nearly a 100 fold increase AFTER adjusting for inflation!

Entitlements now represent over 60% of the total outlays by the federal government.

When will the voting public realize we need to ride a different horse? People that are attacking either candidate personally are missing the point. In the previous four years, you can easily see the increases in all of the above. The current administration either doesn't see it or likes what they see and will continue to grow all of these items.

My simple question is, how high do the above percentages need to go before we realize it is not fixable without either declaring bankruptcy or printing so much money that we face unsustainable inflation?

Please notice that I did not criticize anyone personally, but as usual, simply listed facts and numbers as to where we have been, where we currently are, and ask how do we stop the trend? Rich