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May 23, 2011

D...for DOOM!

DOOOOM

Before I dive in to the DOOM!, say a few prayers for the poor folks in Joplin, MO and North Minneapolis, MN. Both towns were hit by severe weather over the weekend. Vast swaths of Joplin have been completely destroyed. I'm sure that the usual agencies (the Red Cross, local churches, etc.) are accepting donations -- and I'd just as soon my money go to help out these folks than get eaten by the government.

Having said that....

This is one of those articles that don't quite match the headline: "Get Ready for Social Security, Medicare Meltdowns". The article is much less apocalyptic than the title -- the author of the piece is at pains to reassure everyone of the steadfastness of Social Security, though even he admits that Medicare is doomed. (And I aver that SS is just as doomed, because keeping it solvent is going to require doing things that no one wants to do.)

The calls for Europe to relinquish the leadership of the IMF are growing. I think it's past time, myself. (Though it would probably go to China, and I'm not sure I want China leading the IMF either.)

Yet another guy who thinks we have all the time in the world to tie off the spouting arteries of the welfare state. I think he's wrong, but we'll see. "Necessary" trumps "politically palatable", as we will find out if we wait too long.

Wall Street is having the vapors over concerns about the chronic sovereign-debt crises in the Eurozone.

...and I felt a great tremor in The Force, and millions of Apple fanboys cried out in despair.

How do the federal-employee unions feel about the plan to use federal pension funds as a backstop to avoid balance the budget? They're agin' it.


What, can't a feline have a quiet moment alone with his libation of choice? Do I have to bust out a can of whoop-ass on you, pal?


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posted by Monty at 09:15 AM

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