>
> The whole strategy of doing a present value analysis of pension obligations
> makes no sense to me, except as a scaremongering tactic. Governments are for
> these purposes immortal, and have tremendous power to tax, and all that
> matters is their ability to cover next year's obligations with next year's
> revenues, ad infinitum. Is there any rational economic reason for this sort
> of analysis except to promote an austerity program?
>
> Doug
No, there is not. And, somehow, I think we're all pretty much in agreement on this... how vile. A