Dead Hippie

DieBoomerDie
@yahoo.com

We update regularly!


Powered by Blogger

Top 
Blogs

Politics 
blogs

Monday, July 17, 2006

When good times go broke...

"Experts have calculated that the country's long-term "fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion, according to a study by Professors Gokhale and Smetters."

"Prof Kotlikoff said: "This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."'

"US 'could be going bankrupt'"
Telegraph.co.uk

Comments on "When good times go broke..."

 

Anonymous Anonymous said ... (6:51 AM) : 

Hallo I absolutely adore your site. You have beautiful graphics I have ever seen.
»

 

Anonymous Anonymous said ... (3:54 PM) : 

I find some information here.

 

Anonymous Anonymous said ... (2:56 AM) : 

Here are some links that I believe will be interested

 

Anonymous Anonymous said ... (1:17 AM) : 

Here are some links that I believe will be interested

 

Anonymous Anonymous said ... (3:54 AM) : 

Very pretty site! Keep working. thnx!
»

 

Anonymous Anonymous said ... (2:40 PM) : 

I say briefly: Best! Useful information. Good job guys.
»

 

post a comment