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From Birch Gold Group Illinois is considering a last-ditch attempt at saving its public pension plan. We discussed before how the Midwestern state is the epicenter of the U.S. public pension crisis. … Read more
Larry Lindsay, 5/19/15: “Unfunded entitlemt liabilities take US Federal debt oblig’s closer to 300%, not 100%, which is > Greece’s debt.” A. Greenspan: “We’re not getting like Greece, we’re getting … Read more
by Mark Angelides Governor Bruce Rauner was already in a difficult position being a Republican Governor in a state that is massively blue, but his decision to sign into law … Read more
by Anthony B. Sanders Three states in the US are below 40% in terms of funding ratio: New Jersey, Kentucky and Illinois. And the funding ratio has deteriorated in 43 … Read more
From Birch Gold Group After degrading for decades, America’s public pension system is finally at its breaking point, and the first shoe is about to drop in Illinois. Is this … Read more
www.youtube.com/watch?v=EgFcDTICfF4 What Really Is A CAFR? Parallel accounting system.Taxes collected by governments immediately invested with banks The Greatest Ongoing Financial Scam in Modern History ~ The CAFR Reports www.youtube.com/watch?v=aSR6o… www.chicagotribune.com/news/lo…
by AMY S. The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you … Read more
By Michael Snyder Margaret Thatcher once said that the big problem with socialist governments is that “they always run out of other people’s money”, and unfortunately we are witnessing this … Read more