Pensions are debt

July 21, 2009

tags: debt

Debt is a promise to make payments in the future for money today. Pensions are a promise to make payments in the future for services (payments) today.

Pensions = Debt

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CalPERS actuary: Pension costs are not sustainable « The Pension Bubble (and crash)
Pittsburgh City Pension is Dead « The Pension Bubble (and crash)

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Bubbles Burst, This One Will Too

Pensions are debt

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