Hoocoodanode?

Dave Schuler February 19, 2015

Who could possibly have predicted that as the Baby Boomers got old they’d require more Social Security, pensions, disability benefits, and healthcare? Or that when you tax savings and subsidize consumption you’ll get less of the former and more of the latter?

3 comments… add one

jan Link

The article posted has a persuasive analysis regarding how both the left and the right are not addressing fundamental causes behind our economic problems.

In other words, federal debt will be at historic highs while appropriated spending is lower than historically normal and taxation is higher than historically normal. Clearly these variables alone donâ€™t explain what is going on.

This unsustainable spending growth occurs because we continue to increase spending on Social Security, Medicare, Medicaid, and now on the massive expansion of federal health spending embodied in the Affordable Care Act. Growth in these four categories of federal entitlement spending accounts for our whole fiscal imbalance.
... Link

It’s a mystery!
Guarneri Link

Speaking of whoocoodanode, and how the pension portion will be financed…

http://www.zerohedge.com/news/2015-02-21/smart-money-selling-not-buying-goldman-warns-valuations-99th-percentile

You can all look up the valuations in public markets with a few keystrokes. The private market valuations are precisely what we see.

Make me an offer.

Visualcy, the Flynn Effect, and the End of Abstract Reasoning

How Private Sector Debt Hurts the Economy