We’re reaching the point where kicking the can will simply not work. It’s like reaching the speed of light. It becomes impossible to accelerate.
We’re almost there. They will appear more and more desperate and seem to go deeper and deeper into lunacy. Come to think of it, they already are...
The baby boomer retirements are just beginning.
Every year the pension crisis will get worse and worse—until states like California will have to declare bankruptcy—whether they want to or not.