Tuesday, October 7, 2008

Our future?

It looks like government run pension plans can be as underfunded as any of the private ones. Sadly, this affects my mom. If I remember right, Connecticut is having similar problems, with the economic slowdown, comes lower revenue, comes budget cuts somewhere. I wonder when the federal government will have to do something similar. Maybe only a Democrat run legislative and executive branch can cut social spending, like only Nixon (R) could go to China? Here's to hoping it's done in some logical way, and not just raising taxes.