In an interview, Mr. Ross said: "Everybody knows there is a long-term deficit in the financing of Social Security.
The idea of switching the financing of Social Security from a payroll tax (a tax on jobs, which we want more of) to a carbon tax (a tax on pollution and global warming, which we want less of) may sound wonky, but it's a startlingly good idea.
Mr. Obama doesn't say it quite this way, but the crux of his argument seems to be that you can always sit down and hammer out a passable deal to change the financing of Social Security or Medicare, but you can't just run out and build a national high-speed rail network whenever the thought finally occurs to you.
The senior diplomat — who, like other military officials, spoke on the condition of anonymity to discuss the alliance's deliberations — described continued financing of Afghan security forces as vital to avoid political chaos and factional bloodshed after NATO's combat role ends in December 2014.
At the societal level, ill health reduces the labour supply (Berkowitz and Johnson 1974) and impounds considerable resources to the financing of social security benefits (Eurostat 2009).
While "aging" countries have reasons to be concerned about the financing of Social Security and health care for the elderly, public sector shortfalls can be compensated for by increasing the rate of saving, public and private.
However, Europe is going to face structural changes requiring a modification of the financing of social security systems, provision of services and a reshaping of many aspects of the functioning of the societies.
Of the $4.7 billion to be lent in the first installment, $1.9 billion will be used to finance the purchase of securities backed by car loans and $2.8 billion will go to finance securities tied to credit card loans.
They use the market to finance the purchase of securities.
The program involves the sale of short-term securities to finance the purchase of securities with longer terms, putting downward pressure on long-term rates.
