On the subject of Social Security, he states,

"On this, there is good news, and then there is bad news. Let's start with the bad. Washington can't ever hope to repay the IOU's because they spent every last borrowed dollar over the last few decades. Plus, they borrowed trillions more from other sources to pay for an ever growing government."

Unbelievable? That is an exact quote. Quite an astute observation, don't you think? We lost a tooth and the tooth fairy doesn't have a quarter to bail us out. You folks paid in all those dollars and we redistributed those investments to save having to raise income taxes. So, now, you'll just have to be happy with what you've got left. Put your pets to sleep, turn the thermostat down, and start eating soyburgers and drinking tap water. You can't afford your medicine; well shucks, you're gonna die sooner or later, so just face it. Can't pay your rent? Well, the government can't afford public housing, so you'll just have to find a big card board box and hope the neighbor won't mind if you camp out on the back 40. Be careful in choosing the location though, local ordinances to protect property values won't allow you to put down roots in some areas.

Why don't you try telling your lender that you've spent every last dollar you borrowed and just can't be expected to make payments on your mortgage. Good luck! You'll either make payments or turn your assets over to the lender.

Us old folks don't have much clout, so I guess we'll just tough it out. Now, how about you investors who have invested in government bonds. Are you going to just say, "Oh well, win a few and lose a few. We bet on the losing horse." What do you suppose China or some of the other nations who have invested in U.S. bonds are going to do? They are going to just say, "Gee, we're sorry you overspent. We'll just forgive and throw away these worthless IOU,s you signed."

We save a few billion by cutting from 25% to 100% of the programs for the poor, so we can protect the wealthy folks from suffering loss of tax breaks. We demand union workers give concessions on wages, health care, job security, etc. If labor is unwilling to protect the corporate profits, we'll just close down and move overseas. Then we reward the top level management and CEOs with phenomenal salary increases and bonuses.

All of you readers who drop in and visit had best check into how your representatives are addressing our national economy. Statistics indicate that 10% of the population control over 90% of the nation's wealth and 90% of the population shares the remaining 10% of national wealth. And then, get this, 10% of the next category control 90% of what's left. And the % of sharing goes right on down the line till the bottom 20% of the population have nothing. Where do you fit on this scale?