[Jan_Sobieski]

9 trillion is small compared to Fedzilla Underfunded Liabilities. Add them up and they approach 250+ Trillion.

Underfunded Liabilities are the problem to the answer of COVID-19 and Euthanasia Vaccines

[rktman]

And when do the bankruptcies start for folks who are getting their interest rates jacked up from trying to survive using credit? You know it’s coming. House of branDUHn cards getting shaky.

[Chode]

screw-em, they’ve kicked the can all the way to the end of the road...

[Lazamataz]

The center cannot hold.

[Yo-Yo]

Most governments have moved to defined contribution plans, and away from defined benefit plans.

These underfunded liabilities are only for those that still have defined benefit plans.

Of course the current stock market crash is killing defined contribution plans, which will delay retirements (including mine.)

[teeman8r]

are the taxpayers liable for the government workers who vote themselves pension increases and then have their union bosses rob them blind?

sorry you put your trust in government... good day.

[Leaning Right]

> Unfunded state pension liabilities grow to $8.28 trillion <

A Democrat president: No problemo. The federal government will bale you out.
A Republican president: Fix your own liability problems. Good luck.

So, yeah. Elections matter.

[bunkerhill7]

NY probably lost another 25% this week. So it`s maybe minus 150%.. It appears to be quite mismanaged...They lost 25% a few years back, never recovered from it-—

[who_would_fardels_bear]

This is why the republic is going to be completely federalized.

The Feds can print money. The states can't.

[Pollard]

Report; https://alec.org/wp-content/uploads/2022/06/UAUA-6th-Edition-WEB-1.pdf

[1Old Pro]

state employees, teachers, university workers, judges and lawmakers.

Not my problem, sorry, this is government mismanagement of astounding proportions, again.

[Pollard]

https://usdebtclock.org/

[dynachrome]

The markets are down hard again so far today.

[blackdog]

Meh. Once those Covid jabs kick in as planned the cost units to the state will begin to come down. Actuarial have already begun to pick up on the shift.

[RckyRaCoCo]

The city where we live

...might be quite large

...but the circle is small

...why not tell us all

...and then all of us will know

[ConservativeInPA]

Do not expect me to pay for a bail out. No one is going to help people who actually work for a living in the private sector, including me. And I don't want your frickin' commie help. Lazy ass government employees and their unions are a primary contributor to America's economic problems. They produce nothing but obstacles to private sector success. They are takers, not makers. They stand in the way of hard working Americans.

Sucks to be you.

[sphinx]

Pensioners just have to take a haircut. Reset projected pensions to what the plan can actually pay. Crooked pols and crooked unions have been complicit is dishonest accounting for decades. They’ve always assumed that, in the end, they would get a bailout. They shouldn’t.

Do the same for Social Security. Liars and the people who voted for the liars shouldn’t be bailed out.

[Restless]

I retired in January 2019 after putting in 30 years as an Illinois state employee. The state retirement system has already paid me more in pension than I contributed during my 30 years. I’m not even including the value of the retiree health care plan that is provided.
Am I getting a good deal? Yeah!! Are the taxpayers of Illinois? Not so much.

[Gene Eric]

The pension racket

[ealgeone]

Sorry, but I don’t owe state employees anything to bail out their poorly run pensions.

[FLT-bird]

I’m a bit surprised to see Alaska mixed in with all those Blue States.