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Our State pension plans are almost $250 billion upside down. The State health care plan is almost $50 billion upside down. It is too late to stop the dozens of cities and counties that will soon go bankrupt trying to right side these State agencies. If they were private firms, the top management would be fired and Obama would take them over.
This is what happens when government gives its owners, the unions, sweetheart contracts. In 2-3 years all of this will implode and todays fiscal crisis will look minor.
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This is what happens when government gives its owners, the unions, sweetheart contracts. In 2-3 years all of this will implode and todays fiscal crisis will look minor.
More...