Thursday, February 10, 2011

Illinois pays a 25% premium for Congressional central planning

And they have about 1/5 the fair representation in the Senate.

And now, the primary payers of that cost have an additional $11,000 payment due to unfunded state pension liabilities.  Illinois is currently bankrupt folks. What does network say about these two items being related?  Because Illinois is such a major investor in Congress, as is California and New York, their transaction will minimize redundancy in government entitlements payrolls  when they adopt coherent networks of lifetime pension guarantees.  The more havok imposed by Congressional Keynesians, the sharper the link risk.

HT Pension Pulse

No comments: