Guns or Granny: The Looming Political Battle of the West, by Gary North

chart is from 2015. The right side of this chart is going to expand relentlessly from now on. Every day, 10,000 people go on Medicare. Medicare costs the government over $1,000 a month for each person enrolled. This inflow of eligible recipients is not going to stop for the next 20 years.

Now look at the bottom of the chart: Non-defense Discretionary. It was 16% in 2015, but you can be sure that it is closer to 14% today. This is the political battlefield in Washington: available loot. The rest of the loot is spoken for already. Politics cannot change the rest of the budget. Politics today, in terms of federal spending, is now down to under 14% of the budget, and it is probably heading toward 10% by 2022, when a new President will be in power.

Sometime before the 20’s are over, there will be no more discretionary slice of the budgetary pie. At that point, there is going to be a guerilla war in Washington. It will be a battle over the size of the slices of pie. Political voting blocs that thought the size of their slice was guaranteed will find that it isn’t.

This outcome of battle is going to change the nature of civil government in the United States. A series of battles that parallel ours will take place in Western Europe, where it all began in the 1880’s: Bismarck’s welfare state.

Money talks. People listen. People think. They come up with new ideas. Then ideas have consequences.

Today’s dominant ideas will not shape what happens over the next 35 years. Money will shape it. More to the point, the absence of money will shape it. The battle over the nondiscretionary budgets will shape it.

This is the grand opportunity today. It is time for serious thinkers to begin thinking seriously about a world in which the nondiscretionary budgets of all national governments in the West must be re-allocated to meet the growing demands of the retired oldsters.

The outcome of this budgeting process and the re-thinking of this process will re-shape society around the world between 2050 and 2100.

STRAIGHT LINE LOGIC

Gary North conducts a political analysis of the US’s looming fiscal problems and reaches one conclusion: granny wins. From North at lewrockwell.com:

I begin with a familiar pie chart. It is well named. It is a chart of the political pie.

This chart is from 2015. The right side of this chart is going to expand relentlessly from now on. Every day, 10,000 people go on Medicare. Medicare costs the government over $1,000 a month for each person enrolled. This inflow of eligible recipients is not going to stop for the next 20 years.

Now look at the bottom of the chart: Non-defense Discretionary. It was 16% in 2015, but you can be sure that it is closer to 14% today. This is the political battlefield in Washington: available loot. The rest of the loot is spoken for already. Politics cannot change the rest of the budget. Politics…

View original post 325 more words

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Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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