IBG-YBG

December 7, 2007

Bush’s Teaser-Freezer plan is more of what caused the problem in the first place: the “I’ll be gone-You’ll be gone” (IBG-YBG) approach that collects payments in the present and pushes costs into the future. The underlying weakness has not been addressed, it is merely being deferred through obfuscation and subsidy until the current generation of political and business leaders is able to retire without having to bear responsibility for a coming reevaluation that remains inevitable.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: