GM workers who went on strike today have over $51 billion in unfunded retiree costs. Care to guess how much the US government has unfunded?

GM is smartly trying to get this $51 Billion growing disaster off its books, otherwise sure bankruptcy is around the corner. So GM workers, not understanding that they make crap cars for a crap company who has no future, went on strike today. Good luck with that. Not smart.

But folks, the US government doesn't even bother to put the future costs of retirement and health care liabilities on its books, or even have a discussion about the issue. That's right - what US corporations have to do per GAAP, the US government doesn't have to do. Or even talk about.

So that $9 Trillion debt you think we owe and are about to possibly default on? Not even close. Try $50 Trillion, per the US Comptroller report (not a stat you'll find on Fox News for sure).

So what does the future hold for America? Bankruptcy, default or dollar destruction around the corner, and radical change to our "promised" yet unfunded benefits programs and tax rates.

Thank you Democrats. Thank you Republicans. Thank you ignorant voters. You fuc*ed America. And you immorally and selfishly screwed generations of Americans to come.

You thought the housing crash was big. You ain't seen nothin' yet.

BenefitsPANIC?

I spent too much this weekend in Prague, even lost $60 at roulette. Can I get a federal government bailout too?

Hey, that $60 meant a lot to me. I was taken advantage of. I didn't read the fine print. And I was led to believe that roulette spins were all winners.

And I didn't mean to spend that much going out to dinners, and shopping. And those Czech bartenders sure took advantage of us.

I want my taxpayer money! I want my bailout too!

Folks, if the US government spends one f*cking taxpayer dollar bailing out failed flippers and housing gamblers, I'll call for the overthrow of the government (peacefully, and at the ballot box of course). And I won't be alone. If the Federal Government gets into the subprime mortgage business, and then the loans don't get paid back, guess who ends up footing the bill? You got it. You do.

Housing Bailout Chatter Gets Louder

Add another surprising name to the housing-bailout chorus.

Punk Ziegel analyst Richard Bove became the latest high-profile market observer Wednesday to predict that the feds will take action to forestall the collapse of the U.S. housing market.

Bad mortgages "have become a major problem," Bove says in a research note Wednesday. He suggests that the government may end up proposing to ease the pressure on the sagging mortgage market by offering low-cost federally backed loans to homeowners whose adjustable-rate mortgages are about to reset to much-higher rates.