trillions benefits
News Noir (got Cynicism Deficit Disorder?)
You didn't get to read this story unless you were in a hotel yesterday ('cause it was in USA Today), but the newspaper totaled up the value of all the benefit promises that state and local gov'ts have made to their retirees but have no money for (and remember that, unlike the feds, these gov'ts can't just print more), and it's, um, about a trillion bucks. That's another trillion that's not part of any trillion you've been reading about lately. For example, Dover, N.H. (pop. 26,000) will see retiree health care costs "triple to $3 million annually in the next 10 years." USA Today
You didn't get to read this story unless you were in a hotel yesterday ('cause it was in USA Today), but the newspaper totaled up the value of all the benefit promises that state and local gov'ts have made to their retirees but have no money for (and remember that, unlike the feds, these gov'ts can't just print more), and it's, um, about a trillion bucks. That's another trillion that's not part of any trillion you've been reading about lately. For example, Dover, N.H. (pop. 26,000) will see retiree health care costs "triple to $3 million annually in the next 10 years." USA Today
Comments
How important is New Hampshire, anyway?
Posted by KW in Dallas, TX on 02/17/09 at 08:51 PM
And what's so new about New Hampshire anyway?
Posted by DownCrisis on 02/18/09 at 04:27 AM
Commenting is not available in this channel entry.
Category: