Tag Archives: unfunded liabilities

Has Joe Biden Lost His Mind?

The current price tag for unfunded liabilities – for Social Security, Medicare (Parts A, B, and D), federal debt held by the public, and federal employee and veteran benefits – is $158.9 trillion. Again, GDP’s just $18.6 trillion. Anyone under 50 years old that’s depending on Social Security to supplement them in retirement is toast. Many people older than 50 are also toast. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 26 Comments

California’s Real Wildfire

The real fire in California is the wildfire that’s raging at CalPERS. The fire, you see, is a fire of arithmetic. It’s a fire that won’t go away. And it’s a fire that’ll burn the whole state to the ground. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 11 Comments