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IPFS News Link • Economy - Economics USA

California pensions next state financial crisis

• Reuters.com
 "Pensions will be a major issue, sooner more likely than later, because they're going to bankrupt many jurisdictions," said Bob Stern of the Center for Governmental Studies in Los Angeles.

1 Comments in Response to

Comment by Lucky Red
Entered on:

 Government math is a wonderful thing.

They take from the poor to pay themselves and all their friends.  They take from the poor to make weapons, give away weapons and wage wars.  Then, they take away from the poor to rebuild the places they distroyed with the weapons that were made with the poor people's money by the people who got the poor people's money to make them with.  And on and on it goes with everything else.  When one good day all of that fails (as it should!) then, they turn around and tell the poor that it's their fault and they have to sacrifice this or that, give up one thing or the other or give more of that and the other thing (things they don't even have to begin with).  They fuck it all up and still, they take from the poor to fix that which only affects them.  

This truly is a mad, mad, mad world! 

 

 



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