Tim Geithner: The President's Budget Is "Unsustainable"

For those who have been following along, this isn't anything new.

For everyone else, the Secretary of the Treasury-- Tim "Turbo Tax" Geithner-- admits that this debt is unsustainable.

Admission is the fist step.

Comment Of The Month

This was linked by the Blogfather a while ago and I had meant to highlight it at the time. I forgot about it until I was clearing out my bookmarks and stumbled across it.

I don't get tired of talking about this. My grandfather quit high school, joined the Army Air Force, fought in the Pacific theater in WWII, came home, married his high school sweetheart, and got his high school diploma. He didn't go to college. He could read, write, and do figures, though I doubt he knew anything about Foucault, or ever paid a grad student $500 to write a 10-page essay about it. He joined a large company, which quickly figured out he was intelligent, and they moved him into a clerk position. His wife never worked. He sired five children, all boys, bought a nice house in a small town, took vacation at a lake house, retired, moved to Florida, lived another 15 years, and died just shy of his 80th birthday of colon cancer.

Today, his job title instead of Clerk would be something like Managing Purchasing Coordinator. He would have a Master's degree in nothing in particular, probably from nowhere important, and have $50,000+ in student loans. His job today requires reading, writing, and doing figures, just like it did 50 years ago, but today he would have crippling student loans and 6 years of layaboutry.

Sometime during the last 50 years, our society went Full Retard about schooling. I've yet to see anyone explain why.

Be sure to read the article that this comment is responding to.

What Ever Happened To The "Pump Patrol"?

Gas in our area had just hit three dollars per gallon after a relative lull from last summer and fall. But I seem to remember watching the local news a few years ago and every night they would feature, "The Pump Patrol". Where someone would be the designated reporter to go out and find the cheapest price at the pump. This was all before Jan. 8, 2009. If I recall correctly.



I've yet to see that on my nightly news around the Richmond, VA area.

Maybe if it the price get's higher, the news will act.

Anyone else notice this?