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Entitlement Timebomb

I assume you are speaking of our unfunded liabilities ie Mediwhatever and Social Insecurity? :) Sure looks ugly if you look at the government's books on an accrual basis (the deficits would be even more gargantuan than they already are if that's possible). Yeah looks like my generation is screwed for lack of a better word in terms of entitlement programs. Although I don't care too much about those programs anyway because I would be a fool to put myself in a position where I was relying on the government to save for my retirement. We need to reign in government spending so we can do some true supply-side economics ie actually cut spending in conjunction with the cutting of taxes. It's a matter of how willing my generation is to live in a country where the government is involved in fewer aspects of our personal lives.... Oh wait isn't that what America is supposed to be like???

Submitted by Bulleri on Tue, 2008/08/19 - 4:40pm » 

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