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WARREN GRANT: U.S. debt nearing bottom of the barrel

Letter to the Editor: In 70 percent of the states, an individual makes more while on welfare than by working for minimum wage.

Letter to the Editor

Letter to the Editor

How close are we to the bottom of the barrel? Welfare has grown at such an egregious rate that on Labor Day 2013, welfare paid more than minimum-wage work in 35 states. It has grown to be a way of life such that 11 states have more people on welfare than working. Never in my mind did I think the nursery rhyme of the ’50s “The Little Red Hen” would become a reality. What is the incentive to work when you have food, clothing, utilities, and a roof over your head with a nice Cadillac sitting out side?

In Vietnam, a lot of the military were motivated by hunger. They were promised food and if there is one thing you don’t mess with, it’s a hungry man. The food they got were meager rations, made mostly of rice, but it stopped their hunger pangs, and that’s all they cared about. It was a war lost before it started.

When Obama took office, the debt was just over $10 trillion. The latest postings show that it is up by a little over $6 trillion. Nevertheless, the Office of Management and Budget projects the national debt will continue to increase by over $800 billion this year and by amounts in the range of $500 billion to $800 billion in the years to come.

How big is the barrel that we are dipping into to get all of this money? As Margaret Thatcher once said, “Sooner or later, you’re going to run out of everybody else’s money.” The light I see is not at the end of the tunnel but a reflection of the bottom of the barrel.

WARREN D. GRANT

Albany