Sheets of freshly made twenty dollar bills lie in stacks at the Bureau of Engraving and Printing on July 22 in Washington.America's Debt Woe Is Worse Than Greece's -- CNN
Our government is utterly broke. There are signs everywhere one looks. Social Security can no longer afford to send us our annual benefit statements. The House can no longer afford its congressional pages. The Pentagon can no longer afford the pension and health care benefits of retired service members. NASA is no longer planning a manned mission to Mars.
We're broke for a reason. We've spent six decades accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly larger unofficial debts to pay for Social Security, Medicare, and Medicaid benefits to today's and tomorrow's 100 million-plus retirees.
Read more ....
Commentaries, Opinions, And Editorials
How Can China Save Europe When It's Defaulting On Its Own Debt? -- Gordon G. Chang, Forbes
The European dream lies in ruins -- Janet Daley, The Telegraph
Erdogan Has Good Reason To Be Crazy -- David P. Goldman, Pajamas Media
Why Russia is blocking international action against Syria -- Nicholas Blanford, Christian Science Monitor
Abbas' U.N. fantasy -- Ron Prosor, L.A. Times
The end of an era in Iran -- Ray Takeyh, Washington Post
Has Africa lost Libya? -- Knox Chitiyo, The Guardian
Changing the direction of U.S.-Pakistan relations -- George Perkovich, L.A. Times
The Next Russian Revolution -- Chrystia Freeland, The Atlantic
Who Will Eclipse America? -- Simon Johnson, Project Syndicate
Barack Obama book casts grim view of president's leadership -- Toby Harnden, The Telegraph
Obama's Recipe for Tax Disaster -- Adam Yoshida, American Thinker
No comments:
Post a Comment