*** begin quote ***
Lawmakers are creating solutions for their pension shortfalls. New York is considering a plan that would let it borrow money from the state’s pension plan and use that money to pay its annual obligations to the pension plan. (No, that’s not a typo — they’re essentially planning to rob Peter to pay, well, Peter.)
*** end quote ***
Worth reading. The insanity of unfunded liabilities is only going to get worse.
# # # # #