Government as Insurer

Our government runs the FDIC to protect us from bank failures, the Pension Benefit Guarantee Corporation to protect our pensions, Medicare, Medicaid and Obamacare to protect our health, FHA, Fannie and Freddie to guarantee our mortgages, Social Security to protect our income in old age, crop insurance, flood insurance and on and on. I only wish each was actuarially sound and made money on float like well run insurance companies.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.