from > NY Times March 11, 2010 > Patchwork Pension Plan Adds to Greek Debt Woes > By LANDON THOMAS Jr.
>The situation in the United States is different but also painful. The >government will face its own fiscal reckoning, analysts say, as 78 million >baby boomers begin drawing on Social Security and Medicare programs to support >them in retirement. Without some combination of higher taxes, benefit >reductions or an increase in the retirement age, both programs will run short >of money to make their promised payments within the next few decades. And many >American states are woefully behind on funding their pension obligations for >public employees.< anyone who reflexively links "Social Security and Medicare programs" in this way is either a fool or a knave. Their problems are qualitatively and quantitatively different. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
