Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Groucho.JPGIn the classic political satire, “Duck Soup,” Groucho Marx, as Freedonia’s proud leader, Rufus T. Firefly, tries to borrow money from Sylvania, assuring the ambassador from his rival nation that he would gladly give his personal IOU in return. “If I can’t pay you back,” Groucho quips, “you can keep the IOU.” That’s the same feeling I get when hearing politicians carry on about the “crisis” in Social Security, after Washington “borrowed” trillions of our retirement fund surplus, with apparently no intention of ever paying it back!

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.