The cost of economic shutdown: CA goes from $21B surplus to $53.4B budget shortfall
by DCG Taxpayers (whether local or federal) are going to have to cough up more … Read more
shortfall
European Banks Face Large Capital Shortfall with Basel III Rules
European banks could need as much as 400 billion euros ($442 billion) in capital to … Read more
The world is sitting on a $400 trillion time bomb — a massive shortfall in retirement savings has been baked into the financial systems. A problem so big it’s 4X the global economy by 2050.
via QZ: Financial disaster is looming, and not because of the stock market or subprime … Read more
Report Highlights US Pension Shortfall
via publicfinanceinternational: Funding shortfalls for state and local pension funds are a key source of fiscal … Read more
Today’s “State in Giant Pension Trouble”: Kentucky’s $43B Shortfall
FRANKFORT – In 2000, Kentucky’s public retirement plans were fully funded. Since then, they’ve accumulated … Read more
Guess the main culprit of Oregon’s $623 million projected budget shortfall…
by DCG When the “Affordable” Care Act was passed, it expanded tax-payer funded health coverage through … Read more
The Pension Bubble Will BURST! – MASSIVE Shortfall Is Unsustainable
Josh Sigurdson talks with author and economic analyst John Sneisen about the coming pension crash … Read more
US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We Are Headed”
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just add tax cuts and ballooning expenditures. The media chose to … Read more