The disability became permanent in 1993 and he then applied for a Canadian Pension Plan (CPP) disability pension.

He would also lower personal tax rates by 20 , and make up lost revenue by limiting tax deductions and credits, particularly at the upper end, thereby raising about 18.5 of GDP, just above the historical average, at full employment.

Such growth presupposes a credible strategy to pare the deficit, which means a plan that recognizes the reality of the growing cohort of pensioners.

Pension in respect of invalidity payable under the invalidity and life insurance scheme.

Disability pension The right of person to disability pension is regulated by the Law On State Pensions.

us (defi

SURPLUS (DEFICIT)

Trying to square the circle between the need to stimulate the economy and please the deficit hawks, Obama has proposed deficit reductions that, while alienating liberal democrats, were too small to please the hawks.

Lame Ducks in Love

The Dangers of Deficit Reduction

The Summit of Europe s Ineffectiveness

Gross surplus (deficit)

Net surplus (deficit)

Add (less)

Surplus (deficit ) for period

The counterargument hinges on the difference between the current account deficit and the trade deficit.

Europe s Pointless Deficit Targets?

Attacking French Hopelessness

So deficits grow.

Invalidity Insurance Act

6. PROJECTED OPERATING DEFICIT (1 2 4 5) (213 408 320)

6. Projected operating deficit

ATTRIBUTABLE TO SERVICE

Project 10 Childhood disability UNICEF 1 000 000

Death and disability compensation

Death and disability compensation 2.7

3. Operating deficit (27 305.6)

VI. Projected operating deficit (123 654 491)

Death and disability compensation 23 800

6. Operating deficit (3 4 5)

3. Projected operating deficit

s (defic it) for period

Then old age suddenly comes crashing down on him.

Upon reaching the retirement age the disability pension is substituted by the old age pension that must be not less than the disability pension during the disability period.

That is how the turnaround of the economy took place by reducing the fiscal deficit and converting the external balance of payments from deficit to surplus.

Cuts in spending, especially on entitlements and transfers, were far less likely to cause recessions than tax increases were. Unfortunately, tax hikes have predominated in many recent European consolidations, including last week s proposed Cyprus bailout.

Both President Barack Obama s plan for business tax reform and the Simpson Bowles deficit reduction plan propose reducing such expenditures to pay for a reduction in the corporate tax rate.

As time passes, deficits accumulate.

Loving America s Deficits

Why Consolidate?

The Making of China s Trade Deficit

What is the Deficit Endgame?

Invalidity and life insurance.

(ii) Death and disability compensation

(ii) Death and disability compensation .