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Non-Tech : Kirk's Market Thoughts
COHR 164.29+6.7%12:59 PM EST
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To: Gottfried who wrote (3104)5/16/2015 4:15:22 PM
From: Kirk ©  Read Replies (1) of 26635
 
There is a huge difference. If you stop making house or car payments, they take it back and sell it. Everyone usually comes out whole except for the defaulter losing on fees.

With unfunded pension liability, if taxpayers decide they've had enough, they can cut your pension or Social Security payment... such as taxing you on Social Security payments that are just giving you your money back for the first 10 years or so...
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