[Beagle8U]

“Most of it Pensions, it is GM all over again, and a pre-cursor to Fedzilla’s Collapse of it's Legacy Entitlements.”

The worst part of that is the state is on the hook for 100% of those pensions per the state constitution. Bankruptcy won't ever get rid of the debt. And that goes for all public sector pensions!

[taildragger]

The worst part of that is the state is on the hook for 100% of those pensions per the state constitution. Bankruptcy won't ever get rid of the debt. And that goes for all public sector pensions!

Please explain this, this is news to me, how is the State on the hook for a Muni Pension Debt?