Carrol
Alan Rudy wrote:
>
> On Tue, Mar 30, 2010 at 3:35 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> >
> > 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
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk