Broke. Insolvent........................from Rico

The US Government, most Western Governments, will not admit to being broke. Insolvent. Bankrupt. El Busto.

- That makes it no less true.

 

"B-b-b-b-but we're not Greece" they will stutter.....before changing the subject or distracting you with aother OJ car chase.

 

Drilling down, and picking on a specific US topic here, let's consider but two parts of the US system...Medicare and Social Security.

- Medicare will be insolvent before 2030, and Social Security before 2033.

 

Government options include:

- new taxes

- reduced benefits

- raising eligibility ages

- means testing

 

Citizen options include:

- working instead of retiring.....marche et crevee [march or die].

- scale back on standard of living.....Alpo for you, Sparky.

 

Yeah, I know. Hard to believe, especially since no one seeking election-relection will mouth the words. And, it is so far into the future.

- Consider that it has been FIVE years since the first Greek bail outs.

 

How time does fly.