Citizens likely on the hook for 5 TRILLION in unfunded benefits, HOLY CRAP!

[Papa_D]

Holy crap, 5 Trillion in unfunded pension liability and Obama is making friends with all the union boys at the State and Federal levels which can only mean one thing, we will all be paying for these pensions regardless of where we live.

Mo Debt, Mo Debt, Mo Debt – Unfunded Pension Liabilities ? Behind Blue Lines

Now we have a grand-total of $5.2 trillion in unfunded state and local pension and retiree health care benefits. That’s about 5 times more than all currently-issued state general obligation bond debt (about $1 trillion). So if folks are worried about the scope of state GO debt, then they should be shhitting on themselves about the $5.2 trillion.

Throw in the current deficit, Medicare, Medicaid, Social Security and, heaven forbid, Obamacare . . . and the country is positively, absolutely, without a doubt BROKE! There is no way we can pay for one of these items, much less all of them.

[Papa_D]

Maybe Obama plans to give the pension recipients some treasury bonds or "stock in America" instead of the cash money they were promised, lol.

http://www.youtube.com/watch?v=RU87bDBlSsI