The sovereign debt crisis now threatening Europe, as well as major American states and cities, discloses the sheer incompetence of a political class that has over-promised, under-delivered and squandered vast amounts of their citizens' wealth.That really gets to the heart of the matter, doesn't it?
The unfunded pension liabilities of the city of Chicago are $40,000 per household. Things must have looked really bad at the White House for Rahm Emanuel to have quit and gone back to Chicago.
1 comment:
A companion piece:
http://mjperry.blogspot.com/2010/12/government-website-promotes-3-or-less.html
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