The pension crisis continues. No state can find its way out of this mess. It’s too big. It’s too messy. There’s no way out except to default. But over time we will see it get worse. Then a trigger will be set off. What that trigger is, we’re not sure yet. Once it does, every American’s pension is put at risk.
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Sources Used in This Video:
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Illinois state pensions: Overpromised, not underfunded – Wirepoints Special Report | Wirepoints
http://www.wirepoints.com/illinois-state-pensions-overpromised-not-underfunded-wirepoints-special-report/
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In your opinion, what do you think will happen if pensions don’t pay out or are cut?
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The pension crisis is getting crazy! There is gonna be chaos and outrage not "if", but "when" pensions inevitably don't pay out or are cut. I have always preached to build your own infrastructure, and never rely on other people for this very reason. The only person you can fully trust in my opinion is yourself.
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Totally agree.
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Two points
This is evidence of a corrupt voting process all these pensions were voted in the second point is it's hard to have empathy for state employees maybe that's just me?
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Communist Illinois is heading for a train wreck of a disaster with that pension plan . Illinois is the MOST crooked state in the union next to D.C. (district of criminals) . Illinois I believe will be one of those first dominos to fall and start the ball rolling if you will when the collapse comes . GOD help us , its going to be bad .
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