Thursday, June 23, 2011

That's kinda what I expected...

This week we learned that, like so many other government give-away programs, Medicare is expected to go broke even sooner than expected. Actually, I suppose it's only sooner than some people expected. Some of us figure it's already broke.

I also received a notice from the Indiana Department of Workforce Development today. It seems that starting on July 1st, three classifications of individuals that used to eligible for unemployment benefits won't be eligible for them anymore. Then on October 1st, another couple of groups become ineligible.

For quite a while now, the state has been paying out more in unemployment benefits than employers have been paying in. That's another good way to go broke sooner than expected.

Margaret Thatcher once said that the problem with socialism is that eventually you run out of other peoples money.

And sometimes eventually ends up getting here sooner than anybody expected.


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