Wednesday, June 17, 2009

No Money for Nuclear Clean-up


This looks like a business fraud as big as GM's unfunded pension liability. It's all well and good to imagine you'll have the money, but it really is a debt. So the reality is that most of these nuclear plants will just be shut down with a rusty chain link fence and a sleepy guard. The Obama barrels will just rust by the river, having been made to Chinese quality standards.

And don't expect the bankrupt government to fix everything. Here's the latest Economist cover about the gov't debt. (God, this is grouchy!)

No comments: