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Great article out of Zero Hedge today covering the current pension crisis in America. If you’ve listened to this show for any length of time, you know the public pension system is wrecked. But this article really went into detail about how it all might shape out in the end. Let’s just say it’s not a rosy picture. Like Mauldin says, “There are no good choices anymore.”
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An excellent point that BOTH taxpayers and those future “public” pension recipients should be very skeptical and demanding that the politicians and bureaucrats be accountable.
Political promises are worth the paper that they are printed on. (Hint: It’s all oral.)
Forewarned is fore armed.
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