ST Alpha - "B2: Municipal debt, what I'm worried about even more is the unfunded pensions" (Reading a Post)

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B2: Municipal debt, what I'm worried about even more is the unfunded pensions

Posted by Strongbad (aka Rambler14) Dec 16 '10, 11:02

This screams bailout in 5-10 years.
:(

I wish we'd just let the states go bankrupt so they can re-negotiate the terms of the pensions, but that won't happen. We'll all end up paying for some stupid decisions made by a couple of states.

Responses:

All it takes is for the employees to contribute more to their pensions. - ceregon Dec 16, 11:33
Admittedly, I'm still sometimes tempted to think that we can "grow" our way out of this. - con_carne wants it so bad Dec 16, 11:12 1
- All it will take is another boom ala the late 90's -- nm - Strongbad Dec 16, 11:14

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B2: Municipal debt, what I'm worried about even more is the unfunded pensions

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