« Memo to Jerry Yang: Time to Re-Brand Yahoo Search | Main | The Advantage of Disadvantages »

The Shallowest Generation

Here's a great rant (via Hacker News) on our current financial predicament. Written by a Wharton professor, "The Shallowest Generation" is informative, depressing and anger inducing all at the same time.

Here's his summary of where we find ourselves today:

The facts are: we have a $10.5 trillion national debt; $53 trillion of unfunded liabilities; a military empire that has U.S. troops in 117 countries and has spent $700 billion on a pre-emptive war that has killed over 4,000 Americans; a $60 billion trade deficit; an annual budget deficit that will exceed $1 trillion in the next year; a crumbling infrastructure with 156,000 structurally deficient bridges; almost total dependence on foreign oil; and an educational system that is failing miserably. We can not fund guns, butter, banks and now car companies without collapsing our system.

Oy. Like I said, it is depressing but it should be considered required reading. After all, you can only start to fix a problem after you understand it.


TrackBack URL for this entry:

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


This page contains a single entry from the blog posted on November 15, 2008 11:26 PM.

The previous post in this blog was Memo to Jerry Yang: Time to Re-Brand Yahoo Search.

The next post in this blog is The Advantage of Disadvantages.

Many more can be found on the main index page or by looking through the archives.

Powered by
Movable Type 3.33