The Sky Is Still Falling

July 15th, 2011

Or so it would seem. Thom Hartmann gives a rundown of the long and illustrious history of America's social programs "going broke."

We're DOOMED... Again... No, Really

June 1st, 2011

I missed this a few weeks back. Thanks to one of my readers for bringing it to my attention. Eric Zorn of the Chicago Tribune has done us all a tremendous service. As we enter the next round of granny-bashing and hand wringing over the supposed looming doom that faces Medicare, it's worth noting that this is the same nonsense we have been hearing for decades from the Mises-spouting, "Austrian School" fanatics and Randian nitwits now dominating the discussion. Zorn has gone back and gathered some of the dire pronouncements from earlier days:

"Chicago Tribune July 2, 1969: The Medicare hospital trust fund faces bankruptcy by 1976 and taxes must either be raised or benefits reduced the senate finance committee was told today.