Yikes your adding states just like BUMFACE.Originally Posted by gman0046
Or are you counting that cesspool DC and that money grabbing island?
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Yikes your adding states just like BUMFACE.
Or are you counting that cesspool DC and that money grabbing island?
Hihope Hiland Heathen of Perth CD, RE, CGC, TDI
Come on, you know what point Marvin is making.
Marv, maybe I'll look for the data in the morning. Actually I've looked at it recently. Bedtime now.
"For everyone to whom much is given, of him shall much be required." -- Luke 12:48
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http://www.npr.org/templates/story/s...ryId=125076655
http://tinyurl.com/23bnbvf
Shortfall Threatens Illinois Pension System
by David Schaper
If states could go bankrupt, Illinois might be the first.
State finances are in such a mess that many experts say the "Land of Lincoln" is on borrowed time and money.
One of the biggest issues is a huge unfunded pension liability. According to the Pew Center on the States, Illinois is worst in the nation when it comes to setting aside enough money for its pensions. Its analysis of states' pension funds in 2008 found Illinois had set aside just 54 percent of the money that's been promised to its state workers and retirees.
- more -
What's interesting is a table with the article that shows the top 25 "riskiest" pension funds. Illinois has 2 of the top 10.
There's also an interesting article in The Bond Buyer.
http://www.bondbuyer.com/news/illino...1022027-1.html
It's a sorry mess that the Illinois politicians have created but the cause is more than just the current crop. It's been building for years.
Eric
Yes, I am aware of the point he was making and I wasn't picking on Marvin.
It is just everytime I see Fed Money I go semi-ballistic.
The Fed has no money, it is all borrowed. Our leadership has led us down a path of financial doom and yet they act like nothing is wrong. All they know how to do is buy votes, not create real jobs or implement anything that is to our longterm benefit. They've robbed Social Security, allow Wall St to continue to write our monatary laws and they can't even secure our boarders. Our politicians refuse to be honest with the American people and the poor tax payer is the one being abused the most!
Where do we go without great leaders for the defense of our liberties? Who will defend our right to live our lives _as we chose_ without others taking that from us? The answer is, as it should be, no one. We are the defense of our rights and should always remember that. Libertarian blogger
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