Anyone Have $4 Trillion Laying Around????
We already know about the massive city, county, and state budget defcits. And the liklihood that the Fed is going to need to borrow $2 Trillon this year alone....Now this?????
US Public Pensions Facing $2,000 Billion Shortfall
American's Job Satisfaction Falls to Record Low
Bill Allowing NJ Municipalities to Defer Pension Payments Stalls
AT SOME POINT....EXTEND AND PRETEND RUNS OUT OF MONEY.......
This money is supposed to fund projects like school buses, special education, reading programs and early childhood development. But the money's not coming, instead getting added bill by bill to an already $4.5 billion IOU the state has for services from schools to homeless shelters.
But the same state that's no longer paying for these programs legally requires them.
Unlike the usual budget bellyaching when political pressure can make money appear, this time is different, said state Rep. Linda Chapa LaVia, D-Aurora. There is no money. "This is not a false alarm. This is not someone pulling a fire drill. This is a fire," Chapa LaVia said.
Is that what it takes for a politician to undertand Zombulation????? The point when you run out of income, savings, and access to credit.