retirement
Blog/Pension Crisis
Posted Dec 4, 2016 by Martin Armstrong
Stanford University has been tracking the cost of pensions in California. So while there is a movement starting to separate from the United States especially since they wanted Hillary, California will soon fall on its face and then will be begging Washington for a handout. The real amount owed by every household in California to cover state pensions jumped to $93,000 in 2015 up from $77,700 per household in 2014.
http://www.kersteninstitute.org/blog/stanford-universitys-pension-tracker-pegs-total-california-pension-debt-at-1-trillion-or-93000-per-california-household-in-2015-up-19-from-2014California may be the most socialistic state in the union, so expect them to also be among the first to collapse despite being the fifth largest economy in the world if looked at as their own nation. Go ahead – leave; but take your pensions with you please! There are two categories of fools: (1) those who believe what isn’t true; and (2) those who refuse to believe what is true. Socialists seem to come in both varieties.