Monday, May 25, 2009

"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:

Anonymous said...

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!"