Tuesday, September 25, 2007

Ponzi couldn't have dreamed this up

Funny how I can't find this article on line. However, the Treasury Dept. announced a projected 13.6 trillion dollar shortfall in the fund.

$13,600,000,000

For you public school graduates, that's more than a lottery jackpot.

This doesn't even include the estimated 20 trillion dollar deficit in unfunded Medicare benefits.


Seriously, for those of you who believe in the government running anything, how can you defend this?

This is one of those deals like bridge construction. We can all see the problems, every one can see the inevitable train wreck, fixing the problem today will be a lot less costly than waiting, and yet here is the response we get from those in charge.

Cricket chirps.

If only Ken Lay were alive to see this in action.

No comments: