Us Fiscal And Savings Crisis Implications for Long Term Growth Hearing Befo
Us Fiscal And Savings Crisis Implications for Long Term Growth Hearing Befo
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In our eReader you can find the full English version of the book. Read Us Fiscal And Savings Crisis Implications for Long Term Growth Hearing Befo Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Us Fiscal And Savings Crisis Implications for Long Term Growth Hearing Befo
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To quickly assess the difficulty of the text, read a short excerpt:
For the $144, 000 you would be guaranteed the stream of about $9, 000 some odd dollars in benefits annually for ever year until you died.
Senator Bradley. What would be the total of that stream?
Dr. Steuerle. Well, the $144, 000 uses a discount rate. The cost or value is actually more than $144, 000 if I do not take into ac- count the interest on this money.
Senator Bradley. And now if you did that it would be $469, 000?
Dr. Steuerle. That is correct, about half of which is due to cash benefits... and about half of which is now due to Medicare, assuming the continued significant increase in Medicare costs that are in the trustee's reports.
Senator Bradley. So that is really comparing apples and oranges then, because it is Medicare and cash benefit. But if you just did the cash benefit it would be $230, 000?
Dr. Steuerle. I believe that is about right.
Senator Bradley. Versus $144, 000. So even that has gone up.
Dr. Steuerle. My point, Senator, is simply that if we would look at what we are providing to individuals at point of retirement, think about our Social Security system, and then decide how we wsinted to allocate that money, we might be able to come up with a fairly generous and good retirement system.
What to read after Us Fiscal And Savings Crisis Implications for Long Term Growth Hearing Befo?
You can find similar books in the "Read Also" column, or choose other free books by Debt Management United States Congress Senate Committee On Fina to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
For the $144, 000 you would be guaranteed the stream of about $9, 000 some odd dollars in benefits annually for ever year until you died.
Senator Bradley. What would be the total of that stream?
Dr. Steuerle. Well, the $144, 000 uses a discount rate. The cost or value is actually more than $144, 000 if I do not take into ac- count the interest on this money.
Senator Bradley. And now if you did that it would be $469, 000?
Dr. Steuerle. That is correct, about half of which is due to cash benefits... and about half of which is now due to Medicare, assuming the continued significant increase in Medicare costs that are in the trustee's reports.
Senator Bradley. So that is really comparing apples and oranges then, because it is Medicare and cash benefit. But if you just did the cash benefit it would be $230, 000?
Dr. Steuerle. I believe that is about right.
Senator Bradley. Versus $144, 000. So even that has gone up.
Dr. Steuerle. My point, Senator, is simply that if we would look at what we are providing to individuals at point of retirement, think about our Social Security system, and then decide how we wsinted to allocate that money, we might be able to come up with a fairly generous and good retirement system.
What to read after Us Fiscal And Savings Crisis Implications for Long Term Growth Hearing Befo?
You can find similar books in the "Read Also" column, or choose other free books by Debt Management United States Congress Senate Committee On Fina to read onlineMoreLess
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