Monday, March 7, 2011

The Fiscal Illusion and How to Face It

"In this case, the sorry truth is that our savings aren’t worth as much as many of us think, and a rude awakening is coming. One way or another, some of our savings will be taxed away to make good on governmental commitments, like future Medicare benefits, which we currently are framing as personal free lunches."

The Fiscal Illusion and How to Face It - Economic View - NYTimes.com

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