…of revenues and reserves in 2018 would still be sufficient to pay full scheduled benefits for 15 more years. Because that would be small comfort for the over 40s among…

…her financial reserves, remain cared for there by dint of Medicaid. Which is nice for them. And most of them live in the Northeast, not in Arizona, California, New Mexico,…

…and reserves for any of these purposes. At the same time payments of withdrawals in the order in which notices had been received was continued but the payments were limited…

…103% of Year One cost AND add 3% to Trust Fund principal and so leaving the Trust Fund ratio (reserves as a percentage of NEXT year cost) at the end…

…Go system. And any “looting” is just an unfair way of presenting the legal requirement to invest those reserves in Treasuries. (You buy a bond and the government spends the…

…the Saudis, with their smaller population and domestic usage, have been the world’s leading exporter and the one country seen as having reserves ample enough to backstop the markets. Apparently…

…the feds. … Under normal circumstances, such ample reserves would have made liquidating Bain an attractive option: Creditors could simply divvy up the stockpiled cash and be done with the…

…quantity of money”. Foregone nominal interest payments is a tax on holding currency…. 100% required reserves mean you impose the same tax on chequing accounts … My reply, edited and…

…non-existant, or worse, and given empirical data that closely links consumption to income, how can consumption depend “primarily on wealth rather than income?” Now let’s look at Excess Reserves of…

…reserves (7-day average), up from roughly €25 billion spanning the bulk of 2011, and unlimited FX funding is available through March of 2012. The ECB continues to purchase Italian and…