If benefits never stop and we just keep printing money to cover it, who will work? No need for retirement plans, health insurance or the IRS. The Too Big to Fail will fall without any employees. Remember the stink from the last government shutdown? With unending benefits, there won't be any towel service or janitorial services or heat and air conditioning.........Who would stock shelves at the grocery store? How would you get fuel for your home or vehicles?
The only people who will work is those interested in achieving more than what the base benefit is. If I am happy, say, getting $500 a week for sitting on my ass and you have an opportunity to go earn $2,000 a week because too many lazy bums like me are about making that opportunity for you, well, there you go.
Too Big To Fail can NOT fail. That's the whole point. Bernanke and Paulson fought the last war. They'd have been great in 1929. Things have changed far too much to do now what should have been done then. It's silly to argue otherwise but, there it is.
You think it through. That is where we were headed pre run away immigration; not enough workers hence, higher wages. Simple demographics.
So, now, given what it is, and both parties are on board with it, 'reality' as we knew it is gone. Pay a base benefit to everyone. Anyone who wants more, opportunity will be there.
I know how that sounds, but, we're past whether or not this is a capitalist or socialist society. May as well make the best of it because it ain't going back. And, frankly, it doesn't have to. Not as long as we are the biggest dog on the planet and can do whatever the hell we want.
