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Politics : Foreign Affairs Discussion Group
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To: Bearcatbob who wrote (252670)12/30/2007 6:27:51 PM
From: Katelew  Read Replies (2) of 281500
 
You make some very good points about the time value of money. Fortunately, interest rates have been relatively low this past decade, so I would assume that the future value numbers in the feasibility studies were relatively low, too.

As far as subsidies go in this country, I have mixed feelings. We honestly can't afford to do much right now. The war is expensive and I think whichever party is elected, the President will try to stay and salvage something out of what was started.

The smartest thing may be to just do nothing. Unfunded retirement liabilities are the biggest problem facing the country and there are no really good options available.

Dems will combat the problem by raising taxes, and the amounts they would need to raise would most likely hurt the economy.

Reps will combat the problem by reducing benefits, and the amounts they would need to cut would also hurt the economy as seniors make fewer consumer purchases in an attempt to cover more of their own retirement expenses.
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