MONEY: New plan — Rob Peter to pay, well, Peter

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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.)

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Worth reading. The insanity of unfunded liabilities is only going to get worse.

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