3 ms·
Upvoted because the author has the balls to call Fannie and Freddie "off balance sheet vehicles" and mentions underfunded pension and health care liabilities as
by bd_at_rivenhill 17y ago
Upvoted because the author has the balls to call Fannie and Freddie "off balance sheet vehicles" and mentions underfunded pension and health care liabilities as well. Not sure that A gradual depreciation is one thing -- and much to be desired for the dollar.
- hga 17y agoAgreed with the former although it was mostly in passing, but I suspect a lot of the latter will be abrogated. How long with the public sector unions be able to get people making e.g. 40K to keep sacrificing to keep people making e.g. 80K fat and happy? SS and Medicare are bigger problems, but are in part amenable to adjustments at the edges (e.g. raising the retirement age). I give this higher marks for the emphasis on including state and local governments when scoring the US deficits. At a macro level this is important ... although as a resident of a state and local governments that are in fairly good fiscal shape, have balanced tax policies (i.e. not too much from the extremely variable incomes of "the rich" or from any one tax source), etc., it's not clear how much e.g. California's Greece like behavior will affect me.