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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22299)	9/12/2007 12:56:01 AM
From: energyplay	Read Replies (1) \| Respond to of 217588

Oh yeah, we need to have the funds on hand right now to pay those 2013 health care costs and 2014 Social Security. Transfer payments get funded from current income.

To: TobagoJack who wrote (22299)	9/12/2007 6:51:17 AM
From: KyrosL	Read Replies (1) \| Respond to of 217588

>>unfunded public pension/medical<< TJ, that is of course the elephant in the room, and IMO, you can't credibly calculate it without knowing the future. Those unfunded liabilities drop dramatically, if we change even slightly retirement age and health delivery method. Both will change substantially in the next decade or so. Most countries, including China, are bankrupt, if the same method is used to compute unfunded liabilities. The key assumptions in these calculations is how fast a country's population is aging and current retirement age. On that measure the US is in pretty good shape, even compared to China. Notice that before Clinton took office, people were expecting huge budget deficits "as far the eye could see". He managed to almost completely balance the budget in eight short years.