Saturday, June 04, 2016

Let's go broke faster

David Stockman: "Obama’s Latest Whopper—-Let’s Raise Social Security Benefits!"
The U.S. has approximately $80 trillion of unfunded liabilities for social security, medicare and other entitlements sitting atop a work force that is rapidly aging and an economy that is lapsing into stasis. Yet in the midst of a campaign diatribe about Donald Trump’s alleged lack of preparation for the highest office in the land, the current White House occupant proved that in nearly eight years he has learned exactly nothing about the nation’s abysmal fiscal plight.
Like the consequences of the Iran nuclear deal, that's a problem for the next guy.

No comments: