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RE: Public pension unfunded liabilities will crush the economy
Well as of late they are at 6% which isn't awful when you look at other states like cali and wisconsin etc...Only problem is they are wrapped up in this hyper-bubble stock market just like anyone else's plan. If interest rates were allowed to normalize these funds wouldn't have to speculate so much on risky stuff. But that would collapse the American economy too. Not sure which ones better! lol