All tagged Pension Crisis

Hopelessness: Farmers Today, Pensioners Tomorrow?

What happened in Detroit is a harbinger of things to come. While state and local officials have their heads in the sand,  “total unfunded pension liabilities have reached $3.85 trillion. That’s $434 billion more than last year. Amazingly, of that $3.85 trillion, only $1.38 trillion was recognized by state and local governments,” writes Oliver Garret for Forbes.