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Future is Littered With Moral Hazards

Fourth in a Series Stock analysts used to say, "As General Motors goes, so goes the country." Political analysts soon may be saying the same thing. GM's pension and retirement promises have much in common with Washington's Social Security and Medicare promises: In the long term, none can be kept.  
United States Gene Taylor Uncle Sam Alfred Sloan Ed Feulner Pension Benefit Guaranty Corporation

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