Miscellaneous stupid things I’ve heard recently
Posted by craigbaltz on March 8, 2010
*On “This Week with George” this morning George Will said that 42 cents of every dollar our federal government is spending – is borrowed. Assuming that is accurate…Holy crap. To put that in perspective, let’s say you had a salary of $580 a week. To meet your bills, in addition to that you borrowed an additional $420 EVERY week. Do you know how fast you’d be bankrupt? That’s how our government is running itself.
*In the Fresno Bee last week there was a story about state employees cashing out huge sums of unused vacation and sick time. Despite rules limiting this – one doctor at a state prison was allowed to cash out over $800,000. Another guy who was fired in an ethics probe that found huge violations was allowed to cash out over $500,000. Nice parting prize.
*Also heard recently that Medicare is the largest non-funded program in the Federal Government. It costs $160 Billion a year and it will be bankrupt in 8 years. Just like Social Security. Social Security should have 4.3 Trillion in holdings. Problem is the Federal gov’t “borrows” to pay other bills. I assume they don’t pay interest when they do this…not that they have any intention of paying it back. Anyway – they’ve borrowed nearly $2.5 Trillion from Social Security. That’s some of my retirement money. I’ve been paying into it since I was 16. It is supposed to be bankrupt in 2037.