Calling the Kettle Black...

" Dale in Pittsburgh dale welcome here on the Tom Sullivan --"

" but the technical -- to stay out to the quick comment for weeks and weeks we've been hearing about legacy caught our partner. Our federal and state legislature that talking about our legacy costs for the automaker may need to show cops. Isn't that the that the the pot calling the kettle black because essentially that he. The bet that that federal and state government or in the same boat and that essentially they're not quite awful worker and they are -- adult -- been under incredible legacy costs at the end of the day. They can future -- the government debt or raise taxes to. To debate like if they."

" Yep which is why I have repeated on this program over and over again and I would shout it from the high history. One that comes -- a legacy costs -- want to bring it real personal balls promises about Social Security all those promises about your pension plan. We can't afford to keep those promises they're gonna break up."

" You're exactly right I think it -- Social Security was invented it was some retirement age was 62 life expectancy with something like 65 you know -- to a three year. Director you're out -- now like expectancy and that the late seventies that thirteen or fourteen or fifteen year gap. The program does not work. Com."

" And by the way all this stuff is kept off the balance sheet. There's there's none of this is it that you know the numbers we hear about about our government deficit. Doesn't include any of this. None of it. So we got we got the legacy costs right Medicare is the number one the biggest cost it's a monsters drawn like a blob and they keep adding to it. Daly here you're so right. They are that they are the of the pot calling the kettle black."

" at some point they have that the government have to reinvent itself and until then we're gonna model long. And I'm just afraid that company's current country just going to implode at some point."

" I don't I think it will well eight dale thanks yeah I know and is not to scare people. But just like General Motors and Ford and Chrysler are having their their day of reckoning. So will this country. And I think it will happen when the boomers absolutely break the bank. In the next twenty to thirty years."