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Archive for July 18th, 2012

Raiding the Rainy Day Trust Funds

Wednesday July 18th, 2012   •   Posted by Craig Eyermann at 11:00am PDT   •   2 Comments

We’re learning today that when a government runs out of money to spend, among the first places it turns to for more are the trust funds it sets up to provide for social insurance. For example, consider the so-called “social” insurance the government provides for private sector pension plans. Here, in the event a…
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