To: fatrat
Federal pensions (NOT state and local pensions) are quite safe because the federal government can always print more money to fund them. States and cities can’t do that.
To: Poundstone
"Federal pensions (NOT state and local pensions) are quite safe because the federal government can always print more money to fund them. States and cities can’t do that." Yes they can. The mechanism is called "issuing bonds". How do you think California got into the mess it is???
To: Poundstone
the federal government can always print more money to fund them... Remember the Wiemar Republic? You live in a fantasy world.
48 posted on
04/03/2010 6:56:13 PM PDT by
Carry_Okie
(The Democrats were the Slave Party then; they are the Slave Party now.)
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