#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
The GOP House must stand firm against any attempted new federal bailout...
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
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.
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.
Somehow it just seems perfect that Baraq’s Chicago leads the per capita debt list.
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.
Wow, Fort Worth.
#7 New York City.
#5 St. Paul..
Government employees losing their fat bloated pensions?
This is long over due.
Like California, these cities just continue with their established ways. They operate under the belief that Obama will make it all OK.
What is this? A race to the bottom?
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.