Bloated Governments, Over-promised Pensions

Bloated Governments, Over-promised Pensions

 

Even Russia is trying to tame them.

 

“For years, Western advisers such as the International Monetary fund, as well as pro-market economists inside Russia, have called on the government to pare the bloated state sector and…overhaul the costly pension sector.”

WSJ Dec. 9, 2013, Russia Promises Economic Reforms

 

These impediments to growth are found in Russia, Greece, Portugal, Spain, Italy, the United States, Detroit, Stockton and Montana.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: