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It’s the old loaves and fishes problem. How to satisfy so many with so few resources. With no miracles in sight, the rule ought to be to distribute the resources fairly (according to need, perhaps). Politicians aren’t very good at that. Most people (my opinion) would prefer need-based allocations for essentials and some graduated basis (based on length of service) for pensions, etc. Some mighty big haircuts are in prospect for the pension spikers and double dippers. To those whose unsustainable expectations can’t be met, issue bearer bonds payable in 25 years or so. The public’s collective judgment on what those bonds are worth would be an… Read more »