Tag "national debt"
Back to homepageWhy pensions are going broke
April 13, 2012 By John Seiler Why are government pensions going broke? Wayne Lusvardi wrote about recently it in one of our Special Series on municipal bankruptcy, “California counties are more at risk of going belly up.” In one sentence,
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U.S., CA Debt Explained in 3 min.
John Seiler: The following 3 minute video explains what’s wrong with government debt. It specifically concerns the federal debt of $15.2 trillion (the number has gone up since the video). But it also applies to California’s $500 billion debt for government-worker
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