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October 29, 2005
Government Pensions Crisis getting worse
Time magazine digs into the issue.
Choice bit. . .
A study by analysts at Barclays Global Investors in San Francisco estimates that public-employee pension funds in the U.S. are short $700 billion. That's more than all state and local governments collected last year in property, sales and corporate income taxes combined.
Posted by adrianm at October 29, 2005 04:04 PM
