The National Center for Policy Analysis has released a paper by Jagadeesh Gokhale titled "Measuring the Unfunded Obligations of European Countries." Gokhale applies the same methods he has used in measuring unfunded obligations for the United States – such as in this AEI book – to the countries of the European Union. The results are sobering: …all European countries have large unfunded liabilities — the difference between the projected cost of continuing current government programs and net expected tax revenues. In general: No EU government has made the necessary investment. Click here to read the whole paper.
Thursday, January 22, 2009
New Paper: “Measuring the Unfunded Obligations of European Countries”
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