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safety nets by Gary North

I appreciated Gary North’s post on safety nets on Lew Rockwell . com

Here’s a tiny slice out of the center:

The safety nets constitute most retired Americans’ source of revenue. They have no private pensions. They do not want help from their children. Their income has fallen. Social Security or a municipal pension is all the institutional safety they possess.

There is no real sense of concern yet. There is a vague gnawing away at people’s confidence in the reliability of the nets in general.

I recommend the whole pie here: http://www.lewrockwell.com/north/north929.html