Another problem for Social Security. Few people realizes how dependent social security is on immigration even though the trusties are quite explicit about that in their report. If you will look at this chart, you will see that they figure that American will still attract a lot of immigrants even for the high cost scenario (i.e the one in which Social Security goes broke soonest). It is a dangerous assumption.

A peek at how TARP was crammed down the banks throats. Its like watching sausage being made.

Speaking of TARP, when did trucking companies become banks?

Edit: We have been steadfastly ignoring all the bad economic news coming out of Europe. But this will give you a taste.

This entry was posted on Friday, May 15th, 2009 at 5:59 pm and is filed under Front Page, Money, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.