Arnold Kling comments‘:
The newspaper calculates that last year the government added $1.2 trillion in future Medicare liabilities and $0.9 trillion in new Social Security liabilities. Again, a private sector company would not be allowed to do this without reporting it and without taking steps to fund such liabilities. But the government is the solution to the private sector “debt crisis.”
Perhaps it’s time to elect Monty Brewster for every office.
