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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Broken_Clock who wrote (270619)8/23/2010 6:18:29 PM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
>>Even if states uniformly eliminated generous early retirement deals and raised the retirement age to 74, the unfunded liability for promises already made would still be more than $1 trillion,”<<

I ain't a math whiz, but 1 trillion's a helluva lot better than 3 or 5 trillion. Better get jiggy with it. We should also get a pledge from Clowngress that they won't bail out state pensions with Federal dollars now, otherwise they'll just ask Uncle Sugar to print 'em up a mess of funny money to pay for it, which clearly is unfair to the 30 or so states that lived within their means.<NFG>
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