Unfunded liabilities are one consequence of the preference for "clear benefits, hidden costs" by politicians.

Question

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Unfunded liabilities are future financial obligations that are not fully accounted for in current budgets or revenues. Politicians may promise certain benefits, such as pensions or healthcare, without fully considering the long-term costs or without identifying a sustainable funding source. This can lead to unfunded liabilities that create significant financial challenges for governments and taxpayers.

Unfunded Liabilities Are One Consequence of the Preference for "Clear