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  1. #1
    I Am Rocking Now

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    Default US faces ‘disastrous’ $3.4tn pension funding hole

    US faces ‘disastrous’ $3.4 Trillion pension funding hole



    The US public pension system has developed a $3.4tn funding hole that will pile pressure on cities and states to cut spending or raise taxes to avoid Detroit-style bankruptcies.
    According to academic research shared exclusively with FTfm, the collective funding shortfall of US public pension funds is three times larger than official figures showed, and is getting bigger.


    Several cities and states, including California, Illinois, New Jersey, Chicago and Austin, would need to put at least 20 per cent of their revenues into their pension plans to prevent a rise in their deficits, while Nevada would have to contribute almost 40 per cent.



    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&u act=8&ved=0ahUKEwiA2bTQ_4TMAhWFtIMKHSKqA8QQqQIIHTA A&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fc996 6bea-fcd8-11e5-b5f5-070dca6d0a0d.html&usg=AFQjCNHS8pfl_FkPDx_sPj8hioWj vbeKvg&bvm=bv.119028448,d.amc
    Last edited by strapdrager; 04-11-2016 at 11:36 AM.

  2. #2
    I Am Rocking Now

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    Default Re: US faces ‘disastrous’ $3.4tn pension funding hole

    hmm link says pay to view but it is readable from the DRUDGE REPORT 2016® page

  3. #3
    bean
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    Default Re: US faces ‘disastrous’ $3.4tn pension funding hole

    you're wasting your time, strappy. The public pension funding hole is a not the fault of the democrat/public unions scam. It's poor management

  4. #4
    I Am Rocking Now

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    Default Re: US faces ‘disastrous’ $3.4tn pension funding hole

    It will all fall apart in the upcoming economic collapse

    ECONOMIC COLLAPSE IS ERUPTING ALL OVER THE PLANET AS GLOBAL LEADERS BEGIN TO PANIC

    There is absolutely no reason to be optimistic about the direction of the global economy right now.

    Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.


    For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse. In this article, we are going to examine evidence of this from South America, Europe, Asia and North America. Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now. The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world.

    Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic » Alex Jones' Infowars: There's a war on for your mind!




    World Bank lending at record...

    IMF supports move to negative rates...

    Fear Gauge Hits All-Time High...

  5. #5
    Scab Hating Union Thug

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    Default Re: US faces ‘disastrous’ $3.4tn pension funding hole

    Quote Originally Posted by bean View Post
    you're wasting your time, strappy. The public pension funding hole is a not the fault of the democrat/public unions scam. It's poor management
    Strappy found the money. It's in Panamanian banks. Put their by your union busting friends that you derive your material from.

    Sent from my SGH-T399 using Tapatalk

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