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To: JCBreckenridge

>>Not to mention grandfathering pensions

That only lasts as long as they can keep floating municipal bonds to keep the ponzi scheme running.

http://www.bloomberg.com/news/2012-05-11/ex-ge-bankers-convicted-of-municipal-bond-bid-rig-scheme.html

And that wagon is running out of gas fast.


134 posted on 05/12/2012 11:17:29 AM PDT by wm25burke
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To: wm25burke

Yep, that stopgap won’t save them. If they want to save it they are going to have to do real reform.

Apparently I’m the enemy of the boomers for wanting to fix the system outright so that it doesn’t go insolvant while the boomers are depending on it! I’m just pure evil...


138 posted on 05/12/2012 11:33:50 AM PDT by JCBreckenridge
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