The merry-go-round always stops eventually. The nation and most states would have had to file bankruptcy already, if they were private businesses.
Not one damned dime from the federal taxpayers. NOTHING!!
This is exactly why I supported keeping the Detroit bankruptcy here in Michigan as the best of our bad options. We now have the moral high ground to say “Hell no” when they come begging.
The answer is pretty simple, Declare any and ALL Unfunded Liabilities, an Act of Slavery upon Future Generations. Because that’s what they are, and SLAVERY IS ILLEGAL!
If state and local socialist interests get control of the federal Senate, more police control and other influence through an Article V convention, they’ll take whatever pensions they desire by any means they choose.
See “The Article V Convention Scam” at the bottom of the Billwatch table.
Rocky Mountain Gun Owners
http://rmgo.org/
“One can see a glimpse of Illinois’s possible future in Arizona. “
LOL...Yahoo liar .
AZ is not in trouble, and Ill. is BK.
There should be no such thing as an unfunded government liability....if a benefit is promised as a perk of employment....it must be 100% funded or not offered.
No court or executive can order a legislature to appropriate money, and no legislature must obey such an order.
The Medicaid Government WorkCamp, mission accomplished.
Rather than fund their future pensions, the public employee union controlled local and state governments conspired to spend the funds on increasing their current incomes while promising even larger future pensions. RICO and break the unions, the corrupt politicians they back, and the sweetheart deals they made.
Mississippi ain’t so bad either - a lot of pensions start lower, but they grow at a rate of 3% per yer per year (3% after one year, 6% more for year 2, 9% more for year 3....) and double every 7 years which helps keep up with higher cost of living increases nicely.