Journal Journal: The debt limit farce 6
The link above is a great set of gloomy links to just how jacked up our finances really are.
But $222 trillion in debt canâ(TM)t simply be worked around. Will our commentariat and government officials ever discuss our current federal budget in terms of unfunded liabilities? Fear of being honest with the American people, especially baby boomers who have paid into these programs for decades, may be the concern. Or perhaps they simply think there will somehow be enough money to make good on the benefits promised.
This is why I can't put stock in liberal think tanks who're all "Yeah, we just gotta raise taxes & stuff and shore up these entitlements."
Improvement starts with honesty.