Wednesday, July 4, 2012

Robbing Peter to Pay Paul?

Government liabilities and debts--"robbing Peter to pay Paul?"--

Niall Ferguson: If the young knew what was good for them they'd join the Tea Party - Telegraph: ""These mind-boggling numbers represent nothing less than a vast claim by the generation currently retired or about to retire on their children and grandchildren, who are obligated by current law to find the money in the future, by submitting either to substantial increases in taxation or to drastic cuts in other forms of public expenditure," he said. . . . "

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