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To: Uncle Chip

RI..because of its small size, geographically and demographically, is feeling the pinch first. Normally a very blue state, former Providence Mayor David Ceceilline, now running for a House seat, would normally be a lock..but he may well lose, because it appears he **GASP** lied about a huge budget deficit the city faces...RI is basically a city-state...so the state doesn’t have any $$..and they have an idiot as a governor to boot..


5 posted on 10/07/2012 9:04:38 AM PDT by ken5050 (Barack Obama: An empty suit sitting in an empty chair...)
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To: ken5050

Funny thing how if you look at pensions from states run by conservatives over decades their pensions are fully funded and doing quite well. In all cases the funds are invested by independent boards and the politicians are not allowed to raid them for their pet projects and political cronies and most of them have fairly small union participation. Granted most retiree in these states don’t draw near the pensions of the more liberal states but that is kinda what this is all about. The liberal states chickens are coming home to roost. They will try to get the rest of us to bail them out....sadly there is a possibility that will happen!!!


7 posted on 10/07/2012 9:32:46 AM PDT by ontap
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