Free Republic
Browse · Search
News/Activism
Topics · Post Article

#10 Fort Worth...Unfunded liability: $2 billion Unfunded liability per household: $7,212 Solvency horizon: 2023

#9 Detroit...Unfunded liability: $6.4 billion Unfunded liability per household: $18,643 Solvency horizon: 2023

#8 Baltimore...Unfunded liability: $3.7 billion Unfunded liability per household: $15,420 Solvency horizon: 2022

#7 New York City...Unfunded liability: $122.2 billion Unfunded liability per household: $38,886 Solvency horizon: 2021

#6 Jacksonville...Unfunded liability: $4 billion Unfunded liability per household: $12,994 Solvency horizon: 2020

#5 St. Paul...Unfunded liability: $1.4 billion Unfunded liability per household: $13,686 Solvency horizon: 2020

#4 Cincinnati...Unfunded liability: $2 billion Unfunded liability per household: $15,681 Solvency horizon: 2020

#3 Boston...Unfunded liability: $7.5 billion Unfunded liability per household: $30,901 Solvency horizon: 2019

#2 Chicago...Unfunded liability: $44.8 billion Unfunded liability per household: $41,966 Solvency horizon: 2019

#1 Philadelphia..Unfunded liability: $9 billion Unfunded liability per household: $16,690 Solvency horizon: 2015

1 posted on 12/27/2010 8:03:27 AM PST by FromLori
[ Post Reply | Private Reply | View Replies ]


To: FromLori

sfl


2 posted on 12/27/2010 8:05:11 AM PST by phockthis
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

The GOP House must stand firm against any attempted new federal bailout...


3 posted on 12/27/2010 8:08:10 AM PST by ken5050 (I don't need sex.....the government screws me every day..)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

Top 25 Most Liberal Cities:

1 Detroit Michigan

2 Gary Indiana

3 Berkeley California

4 Washington, D.C. Dist. of Columbia

5 Oakland California

6 Inglewood California

7 Newark New Jersey

8 Cambridge Massachusetts

9 San Francisco California

10 Flint Michigan

11 Cleveland Ohio

12 Hartford Connecticut

13 Paterson New Jersey

14 Baltimore Maryland

15 New Haven Connecticut

16 Seattle Washington

17 Chicago Illinois

18 Philadelphia Pennsylvania

19 Birmingham Alabama

20 St. Louis Missouri

21 New York New York

22 Providence Rhode Island

23 Minneapolis Minnesota

24 Boston Massachusetts

25 Buffalo New York


4 posted on 12/27/2010 8:08:53 AM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori
From the list I see a pattern of right-wing conservative run cities. How is that possible?

=;-)

6 posted on 12/27/2010 8:10:52 AM PST by Sgt_Schultze (A half-truth is a complete lie)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

I,m sure the federal reserve is looking for loop holes that will allow them to produce a Q whatever ______ to give them some green inked paper.


9 posted on 12/27/2010 8:32:19 AM PST by org.whodat
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

This is a good indication of a government owned by bankers...

Governments 100 years ago either ran a balanced budget, sold government bonds or had a SMALL debt that eventually was repaid.

For the last 45 years we have literally mortgaged our liberty to the bankers. The founders were very blunt about the dangers of domestic and international bankers; I guess it took a few generations to forget and hide what the founders taught.


10 posted on 12/27/2010 8:33:21 AM PST by cougar_mccxxi
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

Somehow it just seems perfect that Baraq’s Chicago leads the per capita debt list.


12 posted on 12/27/2010 8:36:34 AM PST by nascarnation
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori
Of course these calculations assume more or less constant levels of employee compensation and a reasonable return on pension funds (i.e. no stock market collapse and default on government bonds) and that the government entities continue their contributions at at least historical levels without taxpayer revolt and that politicians leave all of the pension fund assets untouched.

Historically, in most other countries with similar economic circumstances, few of these events come to pass. Thus government pensions are typically among the first things wiped out by inflation/hyperinflation.

Or putting it another way, the current levels of government largesse are simply unsustainable, and government promises are frequently poorly kept.

14 posted on 12/27/2010 8:42:50 AM PST by Zakeet (Always trust in the five G's: God, Gold, Guns, Grub, and the Government screwing up)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

Wow, Fort Worth.


18 posted on 12/27/2010 8:50:12 AM PST by ViLaLuz (2 Chronicles 7:14)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori
#10 Fort Worth...

#9 Detroit...

#8 Baltimore...

#7 New York City.

#6 Jacksonville...

#5 St. Paul..

#4 Cincinnati...

#3 Boston...

#2 Chicago...

#1 Philadelphia..

Government employees losing their fat bloated pensions?

This is long over due.

21 posted on 12/27/2010 8:53:24 AM PST by dragnet2 (Diversion and evasion are tools of deceit.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

Like California, these cities just continue with their established ways. They operate under the belief that Obama will make it all OK.


22 posted on 12/27/2010 8:57:00 AM PST by Baynative (Truth is treason in an empire of lies)
[ Post Reply | Private Reply | To 1 | View Replies ]

What is this? A race to the bottom?


24 posted on 12/27/2010 9:18:06 AM PST by Milhous (Lev 19:18 Love your neighbor as yourself.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: FromLori

1. Politicians want to get elected and reelected.
2. Unions contribute to their campaigns and gurantee turnout.
3. Politicians negotiate sweetheart deals with the unions.
4. Politicians underfund pensions so they can buy goodies for their contituents and buy more votes.
5. Before the stinky hits the fan, the politicians have moved on and/or retired.
6. Retirees and the taxpayers get screwed.

The average workers nationwide do not receive exhorbitant pensions. The fatcat bureaucrats do.


29 posted on 12/27/2010 9:39:00 AM PST by SC_Pete
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson