Update To "14 Kids"
The Market Ticker ® - Commentary on The Capital Markets
Posted 2009-02-11 19:57
by Karl Denninger
in Musings
 

An update to my Ticker "What The Nation Is Up Against", we have this from the LA Times:

Nadya Suleman has 14 children, including newborn octuplets. She has no job, no income and owes $50,000 in student loans.

Still, the 33-year-old Whittier woman said she's confident that she can afford to raise her huge family, insisting she can do it without welfare. In an interview Tuesday with NBC, she said she could use student loans to make ends meet until she finishes graduate school and gets a job.

So she said.

The truth?

Well, go read the article.  Here's the money quote:

"Suleman also bristled at suggestions made by some commentators that she was being irresponsible for having so many children with no income or partner to help raise them.

"No. I am not being selfish. . . . If I were just sitting down watching TV and not being as determined as I am to succeed and provide a better future for my children, I believe that would be considered to a certain degree selfish," she said."

Like I said originally - "I want, therefore I'm entitled to, irrespective of whether I have the ability to pay for it."

California has a budget problem and wants the federal government - that is, everyone in this country - to bail them out?  This, after they have a fertility clinic licensed in their state that took a deliberate action which (according to the cited paper above) led directly to the state being billed for the delivery of eight children and their neonatal care?  Couple of million bucks there eh?

Case closed.

Hint to lawmakers: Some people and institutions really do need to go bankrupt and live under a freeway overpass to learn that there is no such thing as a Unicorn that craps out pretty colored candies.  May I make a recommendation for two of the first candidates - one an individual, and the second a state?

View with responses (registration required to post)
 

Main Navigation
Full-Text Search & Archives
Archive Access
Get Adobe Flash player





Blogtalk 3:30 CT Mondays
Items To Look At


Discuss The Capital Markets along with daily technical analysis with our Gold Donor program.

Where We Are, Where We're Heading (2013) - The annual 2013 Ticker

Links and Blogroll
Our policy on reciprocal links: Send us an email with your information and why you think your blog or news site would make a good addition - in most cases reciprocal link requests will be granted.
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Looking for "The Best of Market Ticker"? Check out
Ticker Classics.

Visit the forum to discuss this and other investing-related topics; see the FAQ on the forum for information about Gold Donor status including access to our technical analysis video server.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.

Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.