"The longer changes are postponed, the more wrenching they will be" - Robert Samuelson once again
discusses the entitlement crisis. I think he stole this line entirely from me: "
The government bonds in these trust accounts will be presented to the Treasury for payment. Those payments can be financed in only three ways: bigger deficits, higher taxes or spending cuts." Pick your poison, America.
1 comment:
Hmmmm....I wonder if we'll see Tim Geithner crawling on his knees to Beijing anytime soon?
"Please, PLEASE keep buying our paper...we're good for it! Honest!"
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