Friday, January 11, 2008

More Good News

Moody's states the obvious:
The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody's, the credit rating agency, said yesterday.
Then the author of the article says something stupid:
Most analysts expect future administrations to deal with the costs of healthcare and social security
Yea, right. Just like politicians have dealt with every other long-term problem over the last 50 years:
Most presidential candidates have vowed to reform the healthcare system but many of them, especially on the Democratic side, have focused on extending coverage to the 40m-plus uninsured Americans rather than on cutting costs

And what I am sure is a completely unrelated news item.

No comments: