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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (110360)4/7/2010 1:00:42 PM
From: NOW  Read Replies (3) of 116555
 
• [..] state taxpayers are contractually obligated to make good on the retiree benefits-- even as those promises threaten to crash headfirst into obligations to pay for schools, public safety, health care [..]

Is there NO way out of this?
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