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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: CalculatedRisk who wrote (24514)1/13/2005 6:12:39 AM
From: Oblomov  Read Replies (1) of 110194
 
OK, if SS is retirement "insurance", where are the loss reserves?

Also, note that in less stable societies the affluent just hire private police forces, live in gated communities, and pay off the local constabulary to stay out of their way. Truly the poor have never had it so easy as they do in the modern Western welfare-warfare state.
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