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<blockquote data-quote="59 Dano" data-source="post: 1197084" data-attributes="member: 23516"><p>If you haven't lived under a rock for the past decade, you're well aware of the trillions in unfunded pension liabilities. That's just for state-level pensions alone. Then we can add in the unfunded liabilities of the municipal, county, and federal pensions. These guys don't have much competition, either. Then we could spend all day listing the companies who've had to go out of business or file for bankruptcy with billions of dollars of unfunded pension liabilities. And finally, we could account for the companies who've had to ditch DB pensions because --surprise, surprise-- they couldn't guarantee that they'd be able to fund them in perpetuity. </p><p></p><p>That's my math.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1197084, member: 23516"] If you haven't lived under a rock for the past decade, you're well aware of the trillions in unfunded pension liabilities. That's just for state-level pensions alone. Then we can add in the unfunded liabilities of the municipal, county, and federal pensions. These guys don't have much competition, either. Then we could spend all day listing the companies who've had to go out of business or file for bankruptcy with billions of dollars of unfunded pension liabilities. And finally, we could account for the companies who've had to ditch DB pensions because --surprise, surprise-- they couldn't guarantee that they'd be able to fund them in perpetuity. That's my math. [/QUOTE]
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