Tuesday, March 16, 2010

Public Sector Pensions

This is a good article detailing another upcoming problem: the 2 to 3 trillion dollars in unfunded public-sector pension and benefit liabilities. (Try not to think of the massive hypocrisy of ramming Sarbanes Oxley down the throat of private companies, while knowingly engaging in every accounting shenanigan to keep underfunding government liabilities.)


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