Big Beyond Comprehension – Unfunded Liabilities
As we know, the Unfunded Liabilities Monster is composed of three main components. Social Security. Medicare and Medicaid. There are various calculations of the size of each component, with the total size of the Monster ranging from $22t to $118t (when including Medicaid). What we are now going to do is present the various calculations.What Exactly Are The Unfunded Liabilities?
The unfunded liabilities are the result of a desire to diminish disparities in financial security and the opportunity to meet basic financial needs by necessitating a transfer of wealth from the able to the disabled, as distributed by the government through programs such as Social Security, Medicare, and Medicaid. In essence, these promises of money are forms of financial aid for the elderly, physically disabled, and low-income earners. The financial aid comes as a recurring income through a program such as Social Security and a financial safety net through programs such as Medicare and Medicaid.What Exactly Are Medicare and Medicaid?
To put it simply, Medicare and Medicaid are programs for healthcare money for the elderly, physically disabled, and low-income earners. Most importantly, Medicare and Medicaid are two of the largest unfunded liabilities – especially the Medicare entitlement program.What If You Personally Had the Unfunded Liabilities?
How can you comprehend over $100 trillion? How can you apply the government’s financial problems to your own financial situation? How can you imagine the effect of owing money to tens of millions of people – money you do not have set aside for such a purpose?Is A Medical Assistant Salary Worth It?
You might have heard that a medical assistant salary is extremely attractive right now. In fact, it’s been known for the past number of years how the average medical assistant salary continues to rise. Medical assistants basically make sure that the health-care facility they’re working in operates smoothly on a day-to-day basis.Current National Debt
The United States of America is facing massive debt problems right now. Even though many Americans are aware of this fact, they don’t recognize the true problem behind the massive national debt the nation has. Economists and political figures do not talk about the significance of this huge problem as it will create more problems for the financial system of the nation.Our Unfunded Liabilities – What If the United States Was A Man Named Joe?
That’s how bad it is. Joe is promising to pay $115m and only makes $15m – all of which could technically be required to pay Joe’s other debts. Here’s the worst part. All of those people, including yourself, are promised money that Joe does not have.Economic Collapse: How It Happens
While some of you are at the beach or on the golf course this week, enjoying hot weather and fun times, the European economy continues to encounter rough seas. Even if you’re not one of those on vacation, you may have little or no interest in this subject. But it is one which, in conjunction with other issues, is going to create rough seas for the U.Transportation and Wholesale Inflation Due to Global Oil Prices Considered
The transportation sector is completely challenged with high oil prices. It doesn’t matter if it is the shipping industry, the trucking industry, the air cargo industry, or rail. In fact, over the years all of these industries have been on my radar screen, and I am fortunate to take some of the leading online newsletter alerts for each one of these sectors.The High Cost of Living in New York: Part 2 Of A 2 Part Series
New York City is the epicenter of the United States. This attracts many people who make six, seven and eight figure salaries. However, all of this activity and glamour comes at a high price that millions of New Yorkers must pay, whether they’re rich or not… In this, part 2 of a 2 part series, we’ll explore the nature of the high cost of living in The Big Apple and how it affects New York today. In part 1, we explored the causes of the high cost of living in New York.The High Cost Of Living In New York: Part 1 Of A 2 Part Series
New York City is The Big Apple, America’s melting pot, perhaps the world’s melting pot, but wow, is it one expensive apple. At least it seems that way to most New York denizens and its many visitors. In this article, part 1 of a 2 part series, we’ll examine the high cost of living in New York City and its causes. In part 2, we’ll examine how the high cost of living in NYC affects its many citizens today.