Tuesday, July 30, 2013

Similarities between the U.S. and Czech Republic

We've had some fun in the Czech sun over the weekend! We started our site visits on Monday and I found Roman Joch's talk very interesting, despite the incredible heat! It appears that the US and Czech have similar issues. The Czech government provides an unfunded pension similar to U.S.’s Social Security System. Like the U.S. the Czech population is declining and the funding for the program may cease. Mr. Joch noted he does not expect to receive a single CZK! In addition the Czech Republic is dependent on foreign recourses, just like the US, including gas from Russia and Oil from the Middle East. The Czechs are facing a similar energy issue and are exploring alternative energy sources. It’s been very interesting thus far, can’t wait for the next visit.

No comments: