Here's Why All Pension Funds Are Doomed, Doomed, Doomed

Of Two Minds ^ | 26 May 2016 | Charles Hugh Smith

[SgtHooper]

Public pensions should be highly controlled, if not outright illegal.

[Original Lurker]

And, a lot of private, union pension plans have politically granted guarantees by the government by US tax payer dollars.

(dollars to donuts, 99.999% of the tax payer guaranteed union pension plans are in blue states of which 99.999% are in the Great Lakes states (dollars to donuts))

[Poundstone]

Very happy I have a federal government pension. The feds can always print money to satify their pension obligations. Cities and states can’t.

[Gay State Conservative]

Social Security is ALREADY means-tested.

Yes,I'm fully aware of that.My conviction is that someday...very probably during my lifetime...it will become *completely* means tested so that if you have outside income greater than "X" and/or a net worth greater than "Y" you get ZERO.