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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (203314)5/21/2009 2:32:05 AM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
and the public pensions are so fat, being set in stone with bubble tax revenues, they can't be funded with tax dollars, either.

hence, the collapse of CA and the spectacle of the teachers going on strike to get even more benefits while the private sector collapses all around them.



To: Jim McMannis who wrote (203314)5/21/2009 6:46:40 AM
From: ChanceIsRead Replies (2) | Respond to of 306849
 
>>>the private sector can't fund their pension plans with taxes.<<<

The PBGC is going to need and get a bailout. Take that to the bank. (Pun/severe dark humor intended.)


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