SMUD is proposing a major rate hike for electricity, blaming the recession:

http://www.msnbc.msn.com/id/29978318

There are those who are quick to blame capitalism, thinking that this is what happens in the free market. The trouble is, this has nothing to do with a free market. Notice that if you live in Sacramento you have only one choice: SMUD. That is because SMUD is a monopoly.
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Tags: Economics, Economy, Politics by dooglio
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This past spring, the Social Security Trustees released their annual report on the state of the Social Security and Medicare programs.  The report on the state of entitlement programs is rather grim — the combined unfunded liabilities of both programs are a $101 trillion, says Mike Whalen, policy chairman of the National Center for Policy Analysis.

http://www.ncpa.org/sub/dpd/index.php?Article_ID=17104

Tags: Politics by dooglio
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