tag:blogger.com,1999:blog-7061582353562134652.post7026841055258778767..comments2024-03-26T16:02:48.175-07:00Comments on Very Angry Bird: The Illinois bankruptcy exitVery Angry Birdhttp://www.blogger.com/profile/15026531280513685057noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7061582353562134652.post-59822784991949272562017-06-21T10:01:42.735-07:002017-06-21T10:01:42.735-07:00Ps: State, county and municipal leaders kicked the...Ps: State, county and municipal leaders kicked the can down the road by increasing obligations in future, rather than dealing with issues. Then they retire before issues affect them.Davehttps://www.blogger.com/profile/04401746259487330914noreply@blogger.comtag:blogger.com,1999:blog-7061582353562134652.post-50182200288280559402017-06-21T09:57:54.688-07:002017-06-21T09:57:54.688-07:00After minimal research, I find nothing good re:und...After minimal research, I find nothing good re:under funded public and private pension plans. Liberal assumptions about returns and pensioners living longer has raised havoc. Just like SS, Medicare and Medicaid, pension reductions and outright defaults will haunt the future health of the American economy. 200 years is the magic number, all downhill from here. Davehttps://www.blogger.com/profile/04401746259487330914noreply@blogger.comtag:blogger.com,1999:blog-7061582353562134652.post-32898345601869538752017-06-21T08:02:22.638-07:002017-06-21T08:02:22.638-07:00Haven't thought of this problem for 13 years. ...Haven't thought of this problem for 13 years. My (34 yrs of service) companies pension was underfunded and not improving, so I took the lump sum and invested. Worked out so far including the 2008 recession. I'll have to take a look at some of the data and respond later. Enjoy the first day of summer, glad I'm not at AZ digs, 120 today. Dave GjerdingenAnonymoushttps://www.blogger.com/profile/15898532001022482469noreply@blogger.com