Unlike the United States and most European nations, Chile does not face a long-term Social Security crisis. This is because lawmakers shifted to a system of personal accounts almost 30 years ago. As a result, Chile’s economy is much stronger, the financial system is healthy, workers are better off, and taxpayers are protected. It also […]
read more...This video explains that unfunded liabilities for entitlement programs are America’s real red-ink challenge, and reveals that deficits and debt are symptoms of a larger problem: the excessive burden of government spending.
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