In fact, the three-legged stool that for decades Americans were told would prop them up financially in retirement--Social Security, company pension and savings--has given way to a shakier two-legged version, sans the company pension.
One of the biggest benefits of the Eagle P3 project is that it has shown how the transportation industry can optimize the three-legged financing stool when implementing projects: federal funds, local funds and private funds.
Ronald Reagan forged a winning electoral majority on the stable foundation of what he described as a three-legged stool: fiscal discipline, traditional values and peace through strength.
The existing system for funding paid long-term supports and services is built on a wobbly three-legged stool: low private savings, an underfunded Medicaid program, and a hobbled private long-term care insurance market.