Tuesday, October 12, 2010
Social Profligacy not Social Security
SEE HERE The usual liars our out in force pretending that Social Security is sacrosanct when their profligacy has torpedoed the system so that it will almost necessarily self-destruct in not too many more years as the baby boom generation retires. The program could have been put on a sound financial footing but it has always been more tempting to the politicians to just spend the money and write IOUs that are backed by nothing but the bankrupting of future generations. Well the game is just about up.
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