ABRC-ESOP
Friday, January 12, 2007
Bad Budget News a Plus For ESOPs
U.S. Comptroller General David Walker gave the Senate Budget Committee grim budgetary news Thursday. The government's total liabilities and commitments for social insurance programs now total $ 50 trillion , about four (4) times the total economic output of the United States.
This is up from about $ 20 trillion, a more than two (2) fold increase since the year 2000.
ESOPs are a major tool devised to control this looming crisis through its ability to help privatize small business retirement.
This is up from about $ 20 trillion, a more than two (2) fold increase since the year 2000.
ESOPs are a major tool devised to control this looming crisis through its ability to help privatize small business retirement.
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