The economy is running - if you can call it that - on debt and fiat dollars. There will be a reckoning someday.The productive sector workers are also paying for everything the Leviathan State does, such as wars, roads,Imperial adventures, private stadiums, bailouts, counterfeiting, ad infinitum. They also pick up the soaring tabs for 47 million Medicaid and 42 million Medicare recipients.
If this isn’t rampant socialism, it will do until the real thing arrives.
How can 155 million productive workers support themselves, nearly 100 million nonproductive others and a seemingly endless list of government endeavors (most of which could be done more economically and more effectively by the private sector)?
Answer: They can’t.
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