Pandemic of pension woes is plaguing the nation

[Nova78]

Pandemic of pension woes is plaguing the nation

Across the nation, cities and states are watching Detroit's largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole.

One of the thorniest questions that conversation will need to address: who will pay to clean up these financial messes? Will it be the millions of retirees owed trillions of dollars in benefits, the bondholders who lent states and cities trillions more, or local taxpayers who may have to pay more to cover the shortfalls or see deeper cuts in public services?

Shitttt, Obama will take care of it, he will just print a few more billion..............

 

[RoadVirus]

Across the nation, cities and states are watching Detroit's largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole.

That's what happens when you pledge allegiance to the Unions. One way or another, it'll come back to haunt ya!