acpme_IHB
New member
this commentary by david walker, the former comptroller general and head of the GAO, highlights what i've always felt was the larger problem that america faces -- $53 trillion dollars -- the present value of the federal govt's outstanding obligations for entitlement programs such as SS and medicare. the current financial crisis is like worrying about this month's minimum payment on your credit card balance while you have a looming mortgage reset and no prospects for more income anytime soon.
apparently we've figured out a "solution" for the banking problem, but what happens when the bank's bank goes insolvent?
<a href="http:// http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html">http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html</a>
apparently we've figured out a "solution" for the banking problem, but what happens when the bank's bank goes insolvent?
<a href="http:// http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html">http://www.cnn.com/2008/POLITICS/10/06/walker.bailout/index.html</a>