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Plans to allow the states to go bankrupt

Jan 22, 2011


This is what happens when the states are allowed to "borrow" from the pension plan funds. They take the money and leave an IOU in the box. Then when they go bankrupt, they don't have to pay the pensions.

Corporations have been doing this for years. There is nothing new under the sun.

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Category: In The News
Blog Author: Dr. Stephen Jones