Two days ago a report came out showing that for the first time in U.S. history compensation from the private sector has dropped to 42%. To put this into perspective we need to understand what that means. What it means is that out of all the compensation "paid" to people in the U.S. (compensation meaning any form of payment, be it monitary or otherwise ie:insurance benefits, wages, welfare, food stamps etc:) only 42% of that came from private business. What this means is that the government is paying out 58% of the compensation in the country.
Now the problem with this may not be obvious to some so I'll spell it out. If the government gets all it money from taxpayers, (they have no other source of income)and taxpayers get their money from working, and only 42% of the compensation being paid to workers is coming from the private sector, which is where the money starts it's journey, then how does this system sustain itself. Basically the tax money from 42% of the county's compensation is supposed to pay for the other 58% of compensation being paid out to people in the U.S. This system of compensation is unsustainable, it cannot keep going, it will fail.
The only way for this system to work(if only temporarily) is for the government to continue to borrow money from other countries to try and make up the difference. At some point other countries will cut us off and we will be S.O.L. period.
This cannot go on, this is what the U.S.S.R. did, and they colapsed economicly. It is mathmaticlly imposible for the tax money earned from 42% of the country's compensation to pay for the other 58% of the country's compensation. One plus one does not equal ten.
It is long past time to stand up and demand our senators and congressmen stop this insanity. It will break our already fragile country, both economicly, and socially.
We still have time to stop this before it tears down our economic system, it won't be easy, but it is nessecary. We must be strong, we must stand up, we must make this country great again.
It's a scary notion to think that our country is on its way down if drastic measures aren't taken.
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