Saturday, April 28, 2007

The Rising Price of Civilization

Scott Burns has a great article over at his site about the rising cost of civilization and particularly the exponential cost of government. He does a nice job of pointing out the runaway unfunded liabilities in our government and where the majority of them. Turns out the unfunded liabilities for Medicare are 8.5x the unfunded liabilities for Social Security and the government promised $63.675 trillion more in benefits than it took in. If this all leaves you a little uneasy, the post goes on to say that it's the way the world's governments work and we aren't alone.... for some reason that seems like cold comfort for me. Where are all the fiscally conservative people? I guess that doesn't get you elected.

AssetBuilder - The Rising Cost of Civilization