- Mar 31, 2009
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SassyIrishLass, post: 20008593If you don't even know what unfunded debt is you certainly should leave the thread because you truly are clueless.
Hint: California is not addressing the mounting pension debt it is accumulating. As they don't it keeps increasing and at a point will become so huge it will cave in on itself and becomes insolvent. It's probably already at that point.
They teach this in business, finance and economics, Foo. Actually it's first year shit
I asked what you meant by ‘unfunded debt’ in your statement? If you were talking about the pensions why didn’t you refer to that as an unfunded liability because that is what it is and I would not needed to ask for clarification,
You were not talking about unfunded debt.
unfunded debt noun short-term debt requiring repayment within a year from issuance
Vs.
California’s largest public pension programs have significant unfunded liabilities.
So you see, you are the idiot once again.
It's a debt dumbass...an unfunded one that is going to crush California.
Cease bothering me with your elementary knowledge on this topic