Replies to post #7453 on General Stock Ideas

[bigworld]

MF4: We aren't a third world country yet, but we're making tremendous strides toward accomplishing that goal. Thanks to the creation and eventual expansion of the welfare state started under Lyndon Johnson we are over run with illiterate feral unemployable dolts that drain our treasury and contribute nothing but offspring that perpetuate the cycle. We adopted a third world preference in our immigration policies and our government (both parties) turned a blind eye to illegal immigration. The result is that we will indeed become a third world country demographically within a generation. This once proud, hard working and prosperous nation has reverted to a social welfare state where 40% of the population still strives for economic success and has to foot the bill for everyone else. We now have more people collecting Social Security, Disability payments and Welfare than we have working for a living and paying for it all. And now we somehow elected a economically clueless socialist/statist who thinks all good things come from one source...government. A President who never held a real job in his entire adult life yet has the audacity to proclaim that those that have made a success of their lives owe their success to nameless others rather than to hard work and self sacrifice. Look over the news headlines. A flash mob rioting in a WalMart in Jacksonville. A flash mob terrorizing a food store outside Portland, Oregon. (There is a common denominator to both but I'll leave you to figure it out lest I be called a racist.) We have a city of 200,000 in California (San Bernadino) that can't pay to have its garbage collected and in a month won't be able to meet its payroll. Cities, then counties, then States will eventually fall like dominoes because they won't be able to meet their pension obligations. State pension plans are underfunded even with actuarial expectations of 7.5 or 8% portfolio growth. What's going to happen when those pension portfolios lose 30-50% in the upcoming crash? The country is in deeper debt in GDP percentage terms then we were after fighting WWII. And our demographics have changed for the worse so dramatically that there will not be the recovery we saw in the 1950's. The debt is getting worse and will eventually crush us economically when interest rates inevitably rise. At that point we'll all be lining up for SNAP cards and government cheese.