What happens when it comes time to pay the unfunded pensions of all those government workers as guaranteed in their state constitutions? Don’t expect to find many state judges to believe in “living constitutions” when their pensions are at stake.There's nothing like rent-seeking on a giant scale to make big money.
It’s odd isn’t it? In the bad old days of the patriarchy the looters were young men like the buccaneers who cruised the Caribbean for Spanish gold. In the future it will be little old retired nurses and teachers demanding their booty from the tax-enslaved American people.
Wednesday, November 30, 2005
Modern Day Looters
Christopher Chantrill reports on an important modern day happening: