[E. Pluribus Unum]

Among the biggest reasons: $25 billion in unfunded pension liability.

Message to union-thug pensionees: "Unfunded" means "too bad, so sad"

Just because you dipped your hand in the taxpayer's pocket doesn't mean you are owed anything.

[NoLibZone]

With respect to cities- The First 10 City Pensions That Will Run Out Of Money :

#10 Fort Worth...Unfunded liability: $2 billion Unfunded liability per household: $7,212 Solvency horizon: 2023

#9 Detroit...Unfunded liability: $6.4 billion Unfunded liability per household: $18,643 Solvency horizon: 2023

#8 Baltimore...Unfunded liability: $3.7 billion Unfunded liability per household: $15,420 Solvency horizon: 2022

#7 New York City...Unfunded liability: $122.2 billion Unfunded liability per household: $38,886 Solvency horizon: 2021

#6 Jacksonville...Unfunded liability: $4 billion Unfunded liability per household: $12,994 Solvency horizon: 2020

#5 St. Paul...Unfunded liability: $1.4 billion Unfunded liability per household: $13,686 Solvency horizon: 2020

#4 Cincinnati...Unfunded liability: $2 billion Unfunded liability per household: $15,681 Solvency horizon: 2020

#3 Boston...Unfunded liability: $7.5 billion Unfunded liability per household: $30,901 Solvency horizon: 2019

#2 Chicago...Unfunded liability: $44.8 billion Unfunded liability per household: $41,966 Solvency horizon: 2019

#1 Philadelphia..Unfunded liability: $9 billion Unfunded liability per household: $16,690 Solvency horizon: 2015

http://www.freerepublic.com/focus/f-news/2647985/posts

[WOBBLY BOB]

16 U.S. Cities That Could Face Bankruptcy in 2011

http://www.freerepublic.com/focus/f-news/2646712/posts

San Diego, Ca.

New York, NY

San Jose, Ca.

Cincinnati, Oh.

Honolulu, Hi.

San Francisco, Ca.

Los Angeles, Ca.

Washington, D.C.

Newark, NJ

Detroit, Mi

Reading, Pa

Joliet, Il

Camden, NJ

Hamtramck, Mi

Central Falls, RI

Paterson, N.J.

BONUS: Chicago, Il

nice job, ‘rats !

[Harley]

Time to get Mrs. O’ Leary’s cow out and burn it down again and then start over.

[proxy_user]

But if you move somewhere else, you are no longer liable for this debt!

[Lurker]

It’s worth clicking the link to read some of the comments.

[GladesGuru]

Taxes! We don’t pay no stinkin’ taxes! It’s the Chicago way.

[Terry Mross]

Bail out coming@

[oh8eleven]

county taxpayers on the whole owe more than $108 billion toward local debt.
'Bout time for another gig ...