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 I mean we are in trouble this is some pretty deep doo-doo give them an inch they'll take a mile but they'll take that mile inch by inch so that you don't notice this video is about creep now I'm not talking about the song by Radiohead nor am I talking about personality flaws what I'm talking about is the slow creep of Good Intentions leading to bad outcomes this is a chart uh that I found in a story uh disability claims are increasing at a record Pace why and it shows a chart but if you notice it's

only showing it over a certain time span I wanted to see this time span a little bit longer to really get a good perspective on this and so I went to the fed's website and here is the entire time span that this covers so this is the population with a disability 16 years old and over and what you see is a very dramatic increase since the pandemic now there was a drop uh during the pandemic and I have a feeling that was because of less claims being made because of stimulus checks being sent out so there

was a certain population that was already getting free cash and they didn't need to go through the hassle of signing up for more free cash by claiming disability that they are injured but then suddenly just lately a whole bunch of people have hurt themselves mysteriously isn't this interesting they've been hurt somehow maybe they didn't hurt themselves this is how many people are employed with a disability so they've got a job but they've filed for some sort of disability so they're getting an extra

check even though they've got a job and you see here a trough and it's at a certain level sort of constant after the 2008 Global financial crisis and then it jumps up but it stays level for well well there's a slow rise from 2012 into 20 early 20 late mid-2017 and then it stays stable then it falls a lot during the pandemic why because a whole lot of people became unemployed so they still were on that last chart they were receiving disability but they no longer had a job so this Falls now

they're getting jobs and they're getting disability and it's climbing at this amazing rate but I wanted to go back even further than that so here's a different way of looking at it probably a better way of looking at it this is disability disability recipients per thousand U.S workers now the data only goes up back to 2014 but if you go from 1970 when there was about 25 per thousand uh in 2014 it was already about 65 per thousand and so and you know these numbers so where is 2008 is

like here and you can see there's there's a rise now um this is the current expenditures of income security uh disability so it's the disability expenditures and then because one of them is measured in billions and the other one is measured in thousands I have to eliminate uh six zeros off of this and and so this eliminates those zeros divided by the population now the number that results is not important what is important here is that going back all the way to 1959 we can see that the government was paying per person in

the United States about uh 25 per person and that comes out of taxes and that's going to a much much smaller group so it's not that people are saving twenty five dollars it's that everybody cumulatively has to pay twenty five dollars per person and today it's 854 roughly this is La this is 2021 data so it's probably 855 something like that the thing is that this is about 34 times over this time span now if you take into account inflation inflation is about tenfold from the 1950s so a a 2023 US

dollar buys about 10 cents worth of 1950s goods and services uh and so that means that the inflation of payments to disability is outstripping the uh inflation rate of CPI the cost of living by three and a half times so the amount that each person has to pay towards somebody that is uh filing that and you know I I know somebody that's an attorney that uh takes cases to court to get people disability claims and uh any claims that are denied by the government and this person this attorney always

always wins uh the claim is never lost a case and the thing is over time there is this slow creep and how is that creep going to affect all of us well this is the total total funded assets so the you know the uh Social Security takes in assets through taxation and then they're going to spend it on us later and what you can see here is that it was growing and growing and growing especially uh from 1985 however back in the um during the Reagan Era they came up with a a new type of U.S treasury bond that the uh the the Social

Security trust fund buys and it isn't a marketable security that they can sell on the open market it's not the same type of treasury bond but this uh what's in Social Security these assets are a bunch of ious that are also supposed to be paid out of future taxation so sorry I'm laughing this is this is something I should be crying over but um if you take the the total funded liabilities was growing and now it leveled off and now it's shrinking and then we move on to the next chart this

is uh current transfer receipts so how much is being transferred from the people paying the taxes to the people receiving the benefits government social benefits to persons this is Social Security and you can see how it's taking these huge leaps uh forward lately I mean these are just huge in just the last couple of years with less assets available then we take a look at government current expenditures income security welfare and social services and this has has absolutely exploded in just the past couple of years uh

we take uh government social benefits income security so I guess uh all of the stimulus checks would have come out of this also but we go from uh less than a trillion and a half all the way up to 2.6 trillion dollars uh in just the past couple of years and we've suspended the debt ceiling and so all of the politicians regarding there's nobody in government being responsible these days uh both parties get to just uh duck the the they get to uh sort of evade what the eventual consequence consequences

will be and there will be consequences to all of this but uh they get to buy votes and spend like drunken Sailors so you know a sailor was trapped on the ship uh you know for very long periods of time when they hit Port they got paid and they had a ton of cash and so and they hadn't partied for a while so government current expenditures income security unemployment so these are unemployment benefits now the past couple of charts here and in 2021 so it was before the debt ceiling was suspended so this was pulling back but

now it's it's going to be exploding again and a lot of this like we won't know until October of this year what uh 2022's data was uh so it's it's a a year in the rears so Pension funds including Social Security total liabilities level so what are the liabilities the liabilities are 77.7 uh trillion this is measured in millions of dollars so this this is hundreds of millions this is hundreds of billions and this is trillions 50 trillion seventy seventy seven point seven trillion you know

there was this uh show on TV back in the 60s 77 Sunset Strip I don't know why that came to mind I guess it's that number now uh here is a interesting little exercise uh I just put in um uh Pension funds total and it came up with these two um so Social Security level actually that's what I put in and this is what came back and here's the neat thing I get to copy this one copy and then click on this one and there is the chart of the assets and you can see that they're increasing 25 trillion bucks wow this is

a uh is this millions of dollars uh hundreds of millions billions trillions uh total funded assets including Social Security Pension funds this seems like a high number to me but anyway the chart is going north that looks like a good thing asset levels are increasing but then we go edit graph and we here add another data set and we pick that one that's the liabilities add that and then we do a formula that is a minus B very simple yeah I'm sorry I'm laughing but I mean we are in trouble this is some pretty deep

doo-doo give them an inch they'll take a mile but they'll take that mile inch by inch so that you don't notice I want to thank you for watching please like And subscribe if you got anything from this video uh please check out goldsilver.com our prices are great and that is what funds my passion for Education thank you