Wednesday, June 06, 2007

Bastiat never heard of Social Security or Medicare. 

But he sure got it right when he wrote: "Government is the great fiction through which everybody endeavors to live at the expense of everybody else".

The whole modern developed world proves it so.

Standard and Poor's projects future national credit ratings on the basis of current policies and promises...

     In The Long Run, We Are All Debt: Aging Societies And Sovereign Ratings

Japan isn't on the chart because its rating has already started falling.

This little blog remains on hiatus. I am kind of hoping to get it back up and running in the forseeable future, but one never knows.

In the meantime I thought I'd put up something fun to think about, especially if you are planning on retiring in about 10 or 15 years.

Until later...