Social security's investment shortfall : $8 trillion plus : and the way forward / Hakansson Nils H.
The aim of this book is to document, on a solid and convincing foundation, two public policy mistakes of the United States Government that have been extremely costly. First, the failure to combine stocks with long-term government bonds in the Social Security Trust Fund, the way other nations do, has...
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| Online Access: |
Full Text (via ProQuest) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Singapore :
World Scientific,
©2013.
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| Series: | World Scientific series in finance ;
v. 3. |
| Subjects: |
| Summary: | The aim of this book is to document, on a solid and convincing foundation, two public policy mistakes of the United States Government that have been extremely costly. First, the failure to combine stocks with long-term government bonds in the Social Security Trust Fund, the way other nations do, has resulted not only in an investment shortfall well into the trillions of dollars, but has also reduced US and global economic growth and increased the national debt. Second, by employing the Unified Budget concept beginning in 1970, the US Government has since then understated its financial deficits. |
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| Item Description: | "Plus how the US government{272b65}s financial deficit reporting = 64 madoffs." |
| Physical Description: | 1 online resource. |
| ISBN: | 9789814407977 9814407976 |
| Source of Description, Etc. Note: | Print version record. |