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Public Sector Pensions Underfunded by $4.6 Trillion

Discussion in 'Political Issues' started by Ruble Noon, Jul 23, 2012.

  1. jeanderson

    jeanderson Toga!... Toga! Platinum Member

    5,820
    3,972
    Apr 11, 2012
    Ohio
    For years, the government at every level - from the fed down to the municipalities - have setup a system of entitlements that is essentially a Ponzi scheme. It's very easy for a politician today to make promises based on something that will be paid for in the future, with taxpayer dollars. The politician has nothing to lose.

    It's all a financial train wreck that will happen very soon. The politicians today are just shoveling more coal into the firebox and the train is just accelerating.
     


  2. Lethaltxn

    Lethaltxn

    6,331
    462
    Mar 23, 2010
    Texas
    Come on now, you know public unions aren't the problem. People on this forum tell us all the time.
    Now who has some pictures of firemen saving puppies or cops rescuing hostages?
     
  3. coastal4974

    coastal4974

    3,818
    0
    Nov 2, 2009
    Nothing to worry about, the gubmint will provide.

    Thanks kids! :cheers: