Thursday, May 25, 2006

Retirement Benefits Monster

Sez USA Today:
Taxpayers owe more than a half-million dollars per household for financial promises made by government, mostly to cover the cost of retirement benefits for baby boomers, a USA TODAY analysis shows. Federal, state and local governments have added nearly $10 trillion to taxpayer liabilities in the past two years, bringing the total of government's unfunded obligations to an unprecedented $57.8 trillion. (projected over 75 years).

I used to have this Sesame Street book when I was a kid called "There's A Monster At the End of This Book" where Grover is all scared of the monster, trying to stop you from turning the pages, and at the end he realizes...the monster is him.

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