Reality Beckons (Government Pensions)
Since I've said "I told you so" a few times of late, this time I'll just do this.....
•Unfunded pension liabilities are approximately $2.5
trillion, compared to the reported amount of $493 billion.
•Unfunded liabilities for health and other benefits are
$558 billion, compared to the reported $537 billion.
•Thus, total unfunded liabilities for all benefit plans are an
estimated $3.1 trillion — nearly three times higher than
the plans report.
If you need this translated, it's very simple:
You're not going to get the money you think you were promised.
http://market-ticker.org/archives/25...-Pensions.html
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