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Public Pension Funds Face $2 Trillion Shortfall, Moodys Warns
zh ^
| 09/26/2014
| Tyler Durden
Posted on 09/26/2014 11:53:54 AM PDT by george76
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1
posted on
09/26/2014 11:53:54 AM PDT
by
george76
To: george76
Greedy socialist bastards.
2
posted on
09/26/2014 11:56:51 AM PDT
by
Jim Robinson
(Resistance to tyrants is obedience to God!!)
To: george76
To: george76
Cut the pensions. Give the unions a taste of what they created.
4
posted on
09/26/2014 12:00:14 PM PDT
by
AdaGray
To: george76
Blame the politicians who OVER promised Defined Benefits instead of current wages to pay for the union vote knowing they would be out of office enjoying their own DB retirement when the SH*T hits the fan a few decades afterwards, which is now.
The only thing to do now is REDUCE the overpromised benefits. BUT, instead they will tax the struggling privae sector middle class who have funded their own retirements.
5
posted on
09/26/2014 12:03:36 PM PDT
by
1Old Pro
To: expat_panama
FYI - Be careful state and local employees. Politicians are promising you the moon and giving you crumbs and sticking tax payers. Those who can move will.
Fingers Crossed here - my former employer's pension fund in 110% funded. Market was up last year. ; )
6
posted on
09/26/2014 12:03:47 PM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: george76
Since when were Ponzi Schemes supposed to be solvent in the first place??
7
posted on
09/26/2014 12:06:02 PM PDT
by
eyeamok
To: george76
Who’s in the worst shape? Illinois.
Who’s in the best shape? Wisconsin.
Gee, I wonder why?
8
posted on
09/26/2014 12:06:27 PM PDT
by
Twotone
(Marte Et Clypeo)
To: george76
Fire 'em all and let 'em HAVE their 99 weeks.
They'll figure something out .... or not
I've been around the block a few times and though a few scars ... not too bad for the wear.
Goverment's too big and MUST be in O.R. Asap
9
posted on
09/26/2014 12:07:42 PM PDT
by
knarf
(I say things that are true .. I have no proof .. but they're true.)
To: george76
Easy to solve...another stimulus bill.
10
posted on
09/26/2014 12:07:49 PM PDT
by
tips up
(Living is easy with eyes closed, misunderstanding all you see.)
To: AdaGray
aND LET THEM TAKE IT TO THE SUPERS
11
posted on
09/26/2014 12:08:22 PM PDT
by
knarf
(I say things that are true .. I have no proof .. but they're true.)
To: tips up
Yep, the US taxpayer will get stiffed with this -
or, whoever is stupid enough to hold US debt.
12
posted on
09/26/2014 12:09:51 PM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: george76
Mine is right smack in the middle. They finally got us to put some money(5%) into the game.
13
posted on
09/26/2014 12:11:18 PM PDT
by
AppyPappy
(If you really want to annoy someone, point out something obvious they are trying hard to ignore.)
To: MrB
Or we will collapse AGAIN.
Just because the US economy hasn’t collapsed in our lifetime doesn’t make it immune to reality.
14
posted on
09/26/2014 12:15:24 PM PDT
by
MrEdd
(Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
To: MrEdd
Sept 13, 2015.
I plan to pull back to about 50% cash around the 11th.
15
posted on
09/26/2014 12:16:16 PM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: AdaGray
cut ALL the govt pensions...this is going to hit some 20 vets hard but the whole system is OBSCENE and we all know it.
16
posted on
09/26/2014 12:25:20 PM PDT
by
cherry
To: george76
Cities and states promised their workers retirement money without ever properly funding them, instead spending the money on pork barrel projects and redundant government agencies. If it had been private company, they would have already been hauled in front of a judge to explain what they did with the money.
17
posted on
09/26/2014 12:25:59 PM PDT
by
Blood of Tyrants
(The cure has become worse than the disease. Support an end to the WOD now.)
To: george76
18
posted on
09/26/2014 12:47:25 PM PDT
by
VRW Conspirator
(The next DNC convention will be spoken in Spanish; Press 1 for English)
To: 1Old Pro
Ban public sector unions and end all defined benefit pension plans!
Whatever vested pension they have would be converted to a 401-k.
19
posted on
09/26/2014 12:49:02 PM PDT
by
Beagle8U
(If illegal aliens are undocumented immigrants, then shoplifters are undocumented customers.)
To: Beagle8U
Whatever vested pension they have would be converted to a 401-k. And the government has plans to seize 401-k funds. Bye-bye money.
20
posted on
09/26/2014 12:54:07 PM PDT
by
roadcat
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