Daily Archives: December 29, 2011

With No Changes, the US Will Be Insolvent

http://www.washingtonpost.com/opinions/the-dirty-secret-in-uncle-sams-friday-trash-dump/2011/12/28/gIQArtWMNP_story.html?tid=sm_btn_tw Buried in GAO financial statements released on the Friday before Christmas was this information (H/T Guy Spier): In fiscal 2011, the cost of [Social Security and Medicare] promises grew from $30.9 trillion to $33.8 trillion. To put that in context, consider … Continue reading

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