State And Local Bailout-Aid With Pension Reform Strings Attached? LaHood’s Plan Is Promising But Risky – Forbes

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Fred
5 years ago

“Must be repaid.” Are they secured? Even by anticipated future federal monies? Why bother with these self-negating illusory conditions? It reminds me of “loans” from the World Bank that are never intended to be repaid. They can show up as assets on somebody’s balance sheet for a period of time. Enron perpetrators went to jail. It’s another self-perpetuating Ponzi scheme that is part of the exceedingly shaky foundation of the national and the world economy. It’s all basically short-term economics providing opportunities for a few insiders to profit without accountability. How many Tokayevs and Nazarbayevs and Duvaliers and Madigans are… Read more »

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