Author Topic: The government can print away the pension deficits  (Read 3370 times)

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The Prophet

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The government can print away the pension deficits
« on: August 08, 2012, 10:56:50 am »
Much of Britain's burdening pensions deficit will have to be paid out of future taxation.
There is no pot of money to cover public pension liabilities.
Edmund Truell, the founder of the Pension Corporation has a solution.
The government should order the Bank of England to "print" £300bn and give it to the NHS pension scheme.
The pension fund trustees then invest this money at say 3% and it would double to £600bn in 25 years.
Half would be used to repay the government and the rest used to pay pensions.

This is a much better use of money printing than providing the 'stake' for the bank's daily "casino" share speculation.