CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: America's Pension Bomb: Illinois Is Just the Start Mon Jul 03, 2017 4:30 am | |
| We've written quite a bit over the past couple of months about the pending financial crisis in Illinois which will inevitability result in the state's debt being downgraded to "junk" at some point in the near future (here is our latest from just this morning: "From Horrific To Catastrophic": Court Ruling Sends Illinois Into Financial Abyss). Unfortunately, the state of Illinois doesn't have a monopoly on ignorant politicians...they're everywhere. And, since the end of World War II, those ignorant politicians have been promising American Baby Boomers more and more entitlements while never collecting nearly enough money to cover them all...it's all been a massive state-sponsored scam.
http://www.zerohedge.com/news/2017-07-01/americas-pension-bomb-illinois-just-start |
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Re: America's Pension Bomb: Illinois Is Just the Start Mon Jul 03, 2017 10:37 pm | |
| The leading edge of a wedge.
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