We are so screwed

Posted by Mike Sylvester - 3/13/10 @ 11:11 pm - Filed Under National Politics

I am getting a little more depressed about the future of this country each week.  The more research I do the more that I think that the United States and most of the industrialized world is largely “screwed.”

I cannot believe that I am going to say this.  The New York times has a must read article.  Believe it or not this piece in the New York times widely quotes the work of a Libertarian economist from the Cato Institute.

Basically the premise of the article is that almost all of Europe and the United States are completely screwed because they have unfunded pension obligations that are monstrous.  

There may be hope yet.  Even the ultra liberal New York Times realizes that the unfunded pension obligations in this country are unsustainable.

Mike

Comments

One Response to “We are so screwed”

  1. Evert Mol on March 14th, 2010 11:04 pm

    Mike-

    You obviously missed what (FWEA’s) Steve Brace said at the board meeting when they had the friction over administrator raises. He said “Our teachers are performing miracles in our classrooms every day”. There you go! A school system that can perform miracles can surely give high school diplomas to kids who can’t read or do math.

    Or they may be doing what the Kansas City (see Jeff’s post) school superintendent said last week, namely “giving out diplomas that aren’t worth the paper they’re printed on”.

    You need to do what our board does and focus on the positive things going on in our district.

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