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The Pentagon faces a future shortfall of about 10%, and nobody expects big budget increases.
But the players wanted the owners to guarantee the pension fund in case of a future shortfall.
It is worth remembering that any future shortfall in desired savings versus desired investment represents the gap between two estimates of some very large numbers.
On Wednesday, G.M. said it would freeze pension contributions for salaried employees, instead switching them to a 401 k -type plan to eliminate the risk of a future shortfall.
The first chart in the report, which illustrates how energy consumption is outpacing production, uses a mix of government statistics to make the future shortfall in production seem more acute than it might turn out to be.
One business department insider said the idea of abolishing student cap numbers altogether had only been aired internally a few weeks ago and that the Treasury had been warned about the issue of the massive future shortfall if the loan book was sold off.
Similar(47)
"We have real concerns that it creates a massive increase" in projected future shortfalls.
And they have blown the Social Security-tax surpluses meant to offset predictable future shortfalls.
She added that the $4.2 billion in new borrowing would simply forestall cuts, which made future shortfalls inevitable.
The figures cited underestimate the future shortfalls, however, because they do not account for debt service from post-2004 caplans plans.
(Excluding Social Security, which was building up a reserve fund to cover future shortfalls, the projected surpluses were between $800 billion and $1.9 trillion).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com