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