Speaking of Deficits…

Congress has not taken anywhere near enough abuse for treating automobile company executives as morons because their expenses exceed their revenues. In truth, the auto companies made exactly the same mistake Congress did: they failed to anticipate the costs of the pension and health care benefits that they agreed to pay their retired workers. Both the auto companies and Congress are operating in the red as a result, and will be for the foreseeable future. The only difference is that Congress can tax Americans to cover for its errors and the car companies can’t. Other than that, Congress’s malfeasance dwarfs that of the former “Big Three.”

Michael Ramirez comments; click to enlarge:


To comment on this post, go here.


Books to read from Power Line