KCET broadcast a program produced by Inside E Street, which is affiliated with AARP.
Some of the points covered were what I discussed earlier this week.
Opposing points of view were presented. Elizabeth McNichol, Senior Fellow at the Center on Budget and Policy Priorities believes unfunded pension liabilities are overstated and pointed out that governments (taxpayers) pay only twenty-five percent on pension costs. She touted investment earnings as the key source of contributions. Her opinion seems to favor more taxes to cover the gap when earnings lag. She did not address the risk associated with earnings rate estimates.
The opposing point of view was argued by Ryan Ellis, Tax Policy Director of Americans for Tax Reform. He did emphasize risk and the unfair burden on the taxpayers to cover it.
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