Posts tagged as:

Ponzi scheme

Ending the West’s Ponzi Scheme

December 26, 2012

Anyone who has been paying attention knows that the Western-style social welfare state which emerged after World War II is failing.  Simply, the problem is that Western governments have promised more goodies to their people than is possible to sustain over time.  The first folks in the mix got hooked up very well, but those [...]

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Union Showdown in Wisconsin

February 17, 2011

Like many other states around the nation getting serious about their long-term fiscal solvency, Wisconsin is on the verge of making profound changes to their state and municipal worker health and pension benefit system.  Like New Jersey, the teacher unions are getting the most attention because they can cause the most immediate and widespread disruption.  [...]

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Social Security’s Flat COLA

August 24, 2009

It’s funny.  Some of the veteran teachers I work with indicated last November that the largest pay increases they ever received occurred during Reagan and Dubya’s time in office; that in fact when Dems are in the White House, raises were more like meager cost of living adjustments which ended up netting less than the [...]

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