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The real threat to bankrupt the country is the ever mounting pension obligations to the public sector. Here is where the real threat is. School administrators retiring with pensions of $100,000+ for life, public employees retiring with $50,000+ for life with health care, guess who is paying for that? Taxpayers. These people retire with 20 years on the job, not at 60+, many in their early 50's and we all pay for the rest of their lives.

I worked 20 years as a teacher. I retired early last year because I could. I make just over $12,000 in retirement. You call $12,000 a year a threat? From that, I pay over $500 a month out of pocket to keep my healthcare insurance. I'm only in good shape because of my personal investments, not my job.