All posts tagged with pension debt
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-(Natural News) Without question, California’s economic prospects defy belief. Alone, the state’s annual gross domestic product (GDP) of an estimated $3.2 trillion makes it the largest in the United States and the fifth-largest in the world. But by the same token, the Golden State’s massive economy masks systemic societal failures on nearly every level, and […]
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-(Natural News) For decades, mostly Democrat-run states have won favor — and votes — among key political constituencies by padding their pensions. But as the tax base in many of these states dried up as people fled high levies and high prices — Illinois, New Jersey, and Connecticut come to mind — elected leaders were […]
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-(Natural News) We’ve been carefully monitoring the fiscal health of several states with mounting pension fund debt for several years because a couple of them have been teetering on the edge of bankruptcy. One of them was California, but thanks to the omnipresence of successful tech start-ups in Silicon Valley, the state’s Democrats who created […]
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-(Natural News) For years Natural News founder/editor Mike Adams, the Health Ranger, has been warning Americans that many of the nation’s public sector pensions are underfunded by hundreds of billions of dollars and are on a course to collapse. In 2013, Adams warned police officers, firefighters, teachers and others who work for government entities that […]
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