The Real Social Contract Is Not a Contract, but a Partnership

The unfunded liabilities of state and local governments are estimated to be around 38 trillion dollars. These min boggling numbers represent nothing less than a vast claim by the generation currently retired or about to retire on their children and grandchildren, who are obligated by current law to find the money in the future. In his reflections on the revolution in france, edmund burk s that the real social contract is not rousseau's contract between the sovereign and the people, but the partnership between the generations. Society, says burke, is indeed a contract. The state is a partnership, not only between those who are living, those who are dead and those who are to be born.

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