"Well, ladies and gentlemen, we're not here to indulge in fantasy but in political and economic reality."
--Gordon Gekko (Wall Street)
Since 1990, GDP is up 75%, while federal current expenditures are up over 300% and transfer payments are up 500%.
Meanwhile the ratio of full time employed people to Social Security beneficiaries has fallen to 2:1 and promises to fall more in years to come.
Productivity per person is up 58% during this period.
This is clearly unsustainable. How close are we to Peak Entitlements?
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I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.
~James Madison
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