• Home
• Subjects
• Blog Roll
• Blindside
• Kable
• Advanced Search

• 

Sage of Omaha on public-sector pensions

Wise words from Warren Buffett:

Whatever pension-cost surprises are in store for shareholders down the road, these jolts will be surpassed many times over by those experienced by taxpayers.  Public pension promises are huge and, in many cases, funding is woefully inadequate.  Because the fuse on this time bomb is long, politicians flinch from inflicting tax pain, given that problems will only become apparent long after these officials have departed.  Promises involving very early retirement – sometimes to those in their low 40s – and generous cost-of-living adjustments are easy for these officials to make.  In a world where people are living longer and inflation is certain, those promises will be anything but easy to keep.

Published by William Heath on 17/03/08 at 7:34pm

Comments

1. The people here, principally James Lloyd, write good papers on the effects of longevity

   http://www.ilcuk.org.uk/index.jsp

   Aren’t public sector un-funded pensions now more than £ 1 trillion ?

   If they really are such a big problem, why is the market not making the government pay more to borrow ? Or has no-one bothered to look recently as the credit crunch bites…

   Reply by  on  03/21/08  at  8:59 am

Ideal Government

Let's say what we want from e-enabled government. Let's observe government first-hand. Let's say "Wouldn't It Be Better If" (WIBBI). Become an ethnographer of bureaucracy today! It beats getting frustrated with public services.

Categories

• "What do we want?"
  • Wibbipedia/MindtheGap
  • Design: Co-creation
    • Online Maps
  • Design: user-oriented
  • Foundation of Trust
    • Identity
    • Data nitwittery
  • Save Time and Money
• Greener government IT
• Pertinent Art
• Power of Information
• Political engagement
• "Transformational Government"
• Government Procurement
• Across the Board
• Ideal Goverment - project

Comment

Anyone is free to comment. Or mail with an article if you want to be an author. I'll post it up and send you a password. This whole thing is supported by Kable.

Authors

Sign up for new articles

Copyright

Designed by...

Statistics

This page has been viewed 508571 times

Entries: 1625 | Comments: 2662 | Trackbacks: 206
Most Recent Entry: 10/08/2008 09:58 am
Most Recent Comment: 10/07/2008 12:14 am

Members: 185 | Logged in: 0 | Guests: 44
Most recent visitor: 10/08/2008 12:06 pm
Most visitors ever: 443 on 10/12/2005 02:21 pm