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Where Will All the Jack Come from to Pay All the Government Workers?

An excerpt:

Detroit, you’re not alone. Across the nation, cities and states are watching Detroit’s largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole.

ZIRP pushes stocks up & pension promises to government workers brings ’em down?

Who knows the answer.

But bet on volatility. Bet on trends.

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Posted in Economics
One comment on “Where Will All the Jack Come from to Pay All the Government Workers?
  1. owen says:

    If you look at the global economy things look bad but stocks go up the fed keeps the presses going but somebody has to pay.All you can do is ride the waves

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