Jacob Sullum at Reason gives us the bad news: Social Security will go negative this year, six years earlier than predicted.
Meanwhile, we start to see the really bad news regarding the consequences of Health Care Deform:
Deere & Co and Caterpillar Inc said they are expecting a combined $250 million in charges this year as a result of changes to the $2.5 trillion U.S. healthcare system that President Barack Obama signed into law this week.
Now, they're getting warmed up over Cap-and-Trade (i.e., Kneecap Business and Undermine Free Trade). While they're scaling back the House version, they're getting the camel's nose under the tent. In order to force Americans to limit carbon emissions, it has to hurt, and hurt bad, or people will keep doing what they're doing. All of this, of course, is based upon bad science. (If James Cameron wants to call anyone "out into the street at high noon and shoot it out", I'd suggest the weapon to be used be the scientific method of inquiry, which for centuries has necessarily included healthy skepticism in order to move beyond the flat-earth stagnation of "settled" diktats. Mr. Cameron, without any Hollywood glitz, explain feedback and runaway processes in the context of historical data.)
My daughter rolls her eyes when I say, "Want to hear something really scary?" and then proceed to tell her how Social Security will be gone when she retires. She's not interested now, but this fiscal house of cards that's starting to teeter is worse than any R-rated slasher movie I won't let her get at the video store.