2
Leave a Reply

1 Comment threads
1 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
  Subscribe  
newest oldest most voted
Notify of
Rick

And further divide the country. Since when is it legal for the government to write a check paid for by the private sector and hand it over to the workers in the government sector?

Cass Andra

If I’m not mistaken, that’s what is going on in Puerto Rico. The federal government can pay off dollar-denominated liabilities by putting more cash into the system and with bankruptcy laws it can expropriate bond-holders to pay retired teachers. Certainly we already participate in the losses experienced by those who live near beaches and rivers and in the wooded mountains of the West. When public employees retire in their 50s and live into their 80s and 90s their pensioned years may well exceed their working years. Later or sooner (I hope) the younger cohorts of workers will tire of funding… Read more »