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.


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