Private Pay Shrinks As Gov’t Payouts Rise

As the stock market plunges, the Gulf oil seeps, Korea steams and the E.U. recriminates, comes the above timely headline from this article in USA Today.  It has a distinctly Grecian ring to it.  The ratio is historic.  One economist calls the trend “unsustainable” and adds, “This is really important.”  On the other hand, another (Liberal) economist says not to worry.

I truly hope the Erstwhile Conservative is right.  I hope the printing presses don’t break down.  I hope I will not be serving Crow with Greek seasoning.  But, I’m not at all sure, and this news certainly doesn’t help.  Does Ouzo go with Crow?

About Jim Wheeler

U. S. Naval Academy, BS, Engineering, 1959; Naval line officer and submariner, 1959 -1981, Commander, USN; The George Washington U., MSA, Management Eng.; Aerospace Engineer, 1981-1999; Resident Gadfly, 1999 - present. Political affiliation: Democratic.
This entry was posted in Economics, Fiscal Policy, Government size. Bookmark the permalink.

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