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Squeezing blood out of a turnip
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Posted on Aug 25 2011
So the Retirement Fund is destined for a sure collapse. In past years, the Fund saw its good times. Today, the question is not “what the Fund can do” but rather “what the Fund can not do.” It is like expecting key elected and appointed government officials for a convincing discussion about economic development, when what really needs to be the focus is for these same elected and appointed government officials to have clear and convincing thoughts about development of economics. It is reality check, and the consequences do not actually spell out good times. If we could not get a clear and intelligent explanation from our key elected leaders and bureaucrats, the common person’s assessment of hard times is a sure thing. Bureaucrats are hired and placed in office for their intellectual ability and know-how to solve problems. No one to blame but these same elected and appointed government officials. If solving problems means less economic production of goods and services for all, then that is the outcome, unless we are able to squeeze blood out of a turnip.
[B]Francisco R. Agulto[/B] [I]Chalan Kanoa, Saipan[/I]
