4um: Suburban Residents Risk Losing Homes Over Rising Pension Costs

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Title: Suburban Residents Risk Losing Homes Over Rising Pension Costs
Source: [None]
URL Source: https://www.zerohedge.com/political ... then-issues-massive-correction
Published: Sep 4, 2021
Author: Tyler Durden
Post Date: 2021-09-04 13:41:44 by Horse
Keywords: None
Views: 97
Comments: 4

Because the cost of generous government retirement packages has grown faster than existing government revenues can sustain, property taxes continue to climb.
Poster Comment:
Twelve years ago a fire dept lieutenant's retirement in Vallejo, Ca. pay was $215,000 a year. More today.
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#1. To: Horse (#0)
Because the cost of generous government retirement packages has grown faster than existing government revenues can sustain, property taxes continue to climb.

That is too facile and stupid for words.

Lod posted on 2021-09-04 14:59:09 ET Reply Untrace Trace Private Reply
Replies to Comment # 1.
#3. To: Lod (#1)
the cost of generous government retirement packages has grown faster than existing government revenues can sustain
That is too facile and stupid for words.

Of course it is.
The Federal Reserve will simply pay for the cost of printing more Notes and then loan them to the U.S. Government at face value plus interest.
Since the FED was founded in 1914, depending on which site you look at, the Dollar has lost 92% to 98% of its value.
And you wonder why Andrew Jackson call the banksters a "den of vipers and thieves". ;)

BTP Holdings posted on 2021-09-04 19:48:43 ET Reply Untrace Trace Private Reply
#4. To: Lod, Horse, BTP Holdings (#1)
I'd be a billionaire if I got paid 1% of what I saved my company by fixing government stupidity.

Dakmar posted on 2021-09-04 19:55:54 ET Reply Untrace Trace Private Reply
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