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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (108985)2/25/2010 1:16:36 PM
From: Bonefish2 Recommendations  Respond to of 116555
 
'The state retirement system was 99.3 percent funded as of Dec. 31, 2008'

One ponzi scheme funds another and another. Then the chain reaction downard.

But the public/private unions want to be excluded from the chain reaction.

Public unions want to throw it on the taxpayer. Private unions will Bankrupt the company or accept cuts.



To: marcher who wrote (108985)2/25/2010 11:04:43 PM
From: Cogito Ergo Sum  Respond to of 116555
 
"...North Carolina's state pension fund fell below the fully funded mark last year for the first time since 1997...
Boomer demographics are kicking in... Same thing that has driven everything since the mid 50s..

EDIT: yeah I'm one :O)
EDIT: next 20 years should be even more interesting


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