In response to:

History Suggests That Entitlement Era Is Winding Down

George257 Wrote: Jan 14, 2013 8:28 AM
A better answer to the issues raised - whether the entitlement culture might be coming to an end - is to look at the figures and trends in the economy. Welfare is costing so much, and the US is so far in debt, that there will logically reach a point when, even if ALL defence spending and ALL social security / welfare payments were stopped, revenues would still not be enough to pay the interest on the national debt. This will result in the US being unable to borrow internationally and having to default on its debts. Hyperinflation on a catastrophic scale as in Weimar / zimbabwe is a form of default. Under such conditions, the entitlement culture will stop very suddenly. The problem is that no president of either party would dare to be the
George257 Wrote: Jan 14, 2013 8:29 AM
one who announced it was happening. They will put off the evil day, and the consequences will be far worse than they would otherwise have been.
It's often good fun and sometimes revealing to divide American history into distinct periods of uniform length. In working on my forthcoming book on American migrations, internal and immigrant, it occurred to me that you could do this using the American-sounding interval of 76 years, just a few years more than the Biblical lifespan of three score and 10.

It was 76 years from Washington's First Inaugural in 1789 to Lincoln's Second Inaugural in 1865. It was 76 years from the surrender at Appomattox Courthouse in 1865 to the attack at Pearl Harbor in 1941.

Going backward, it was 76 years...