Friday, November 13, 2009

Gov Pensions Bankrupting Taxpayers?

This article scared me, until I realized not enough people will care, so the problem will be forgotten soon enough. What the heck, it's only 22 billion dollars, right?

The [government pension insurance] fund still has plenty of money to operate now. But unless pension funds adopt less risky investment strategies or Congress raises insurance premiums, it eventually will run out of money to pay the [government worker] pensioners it supports.

At least our children are on the hook for these things. Way to look out for them, huh?

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