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To: SeekAndFind

Once Puerto Rico is bailed out by the federal treasury, Illinois, California, New Jersey, Maryland, Michigan, and Massachusetts are standing in line.

The public pension chickens are coming home to roost.


20 posted on 06/29/2015 8:11:01 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Soul of the South
The public pension chickens are coming home to roost.

They're going to cover that by confiscating IRA's and 401K's. Google "Theresa Ghilarducci".


21 posted on 06/29/2015 8:16:39 AM PDT by Buckeye McFrog
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To: Soul of the South

Debt is not imaginary and never goes away unless actually paid off. So what happens when states’ debt is “paid for” with fiat money?


23 posted on 06/29/2015 8:30:11 AM PDT by Texas resident (The democrat party is the CPUSA)
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