Friday, May 8, 2009

"Rock my cradle, decorate my grave"

U.S. News and World Report has the story about a recent survey suggesting the vast majority of Americans want to finance their retirement with a private annuity they own but for which someone else pays.

How long will it be until President Barack Obama is signing a 2009 Universal Guaranteed Retirement Security bill?

And why not? Promising unsustainable entitlements is all too easy. Paying for them is the dicey part, but that comes later, when the promisers are usually secure in their own little taxpayer-financed nest.

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