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To: Leisler

There’s another fiscal time bomb ticking away that often goes unmentioned. It’s the underfunded pension plans for state and local government employees. These will soon begin to eat budgets, yet almost no one is talking about this.


10 posted on 09/14/2008 8:20:06 AM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
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To: jalisco555
Most of those budgets are from dying, elderly high cost, immigrant high service using states like Massachusetts, Michigan, New York.

The government, union workers retires have, or will, move out to Florida, Texas. So we'll see the northern states go the way of Detroit, Buffalo but state wise.

And what ever pension money is extracted will be spent in Texas, the south. Of course these people will run for local office, and cause the spending to be replicated, much like human virus.

I was out in a rural county in Colorado ten years ago. The locals were getting property taxed out by retired California teachers that were demanding town services like they had back in California.

Good citizens drive out bad, be it gang bangers, or Democrats.

13 posted on 09/14/2008 8:28:50 AM PDT by Leisler
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To: jalisco555
"There’s another fiscal time bomb ticking away that often goes unmentioned. It’s the underfunded pension plans for state and local government employees. These will soon begin to eat budgets, yet almost no one is talking about this. "

There are many people who are talking about the unfunded pension plans. Look here for some of them.

36 posted on 09/14/2008 9:12:15 AM PDT by An Old Man ("The limits of tyrants are prescribed by the endurance of those whom they suppress." Douglas)
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