State budget tactics are using stealth tactics to push costs into the future, leaving cash strapped millennials to figure out how to pay today’s bill tomorrow while society lives beyond its means today, Paul Volcker said on Monday. A state government’s budget may seemed balanced, but they often do not account for unfunded pension and healthcare liabilities and literally hide unpaid bills — and this will eventually crush future generations. Volcker Alliance report: State budget process hides liabilities for future generations to pay In a new report titled “Truth and Integrity in State Budgeting,” Paul Volcker hits similar themes to that of…
Paul Volcker Slams State Budget Hidng Future Expenses
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.