11.19.2005

Money talks and bullshit walks. Well, usually.

I keep hearing about the coming financial crisis due to the three Federal programs Medicare, Medicaid, and Social Security, and it does seem obviously imminent.
However, nothing is happening in this situation, because it's promising a Medicare drug plan, not being honest about needing to cut entitlements or raise taxes, that wins elections. In fact, telling people that you will cut entitlements or raise taxes is a really good way to lose elections. And when you lose elections, your ability to do something about this problem is usually decreased.
So bullshit talks, for the time being, anyway.

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