Inside The Public Pension Ponzi—-A Hole The Size Of Japan’s GDP

Many cities and states can no longer afford the unsustainable retirement promises made to millions of public workers over many years. By one estimate they are short $5 trillion, an amount that is roughly equal to the output of the world’s third-largest economy.

https://www.msn.com/en-us/money/markets/the-pension-hole-for-us-cities-and-states-is-the-size-of-japans-economy/ar-BBLhckN