Mish's Global Economic Trend Analysis: Interactive Map of Public Pension Plans; How Badly Underfunded are the Plans in Your State?

Mish's Global Economic Trend Analysis: Interactive Map of Public Pension Plans; How Badly Underfunded are the Plans in Your State?

Brings a new meaning to red states and blue states.

Unanticipated Consequences:

1. Error: Using recent historical assumptions for anticipated future growth has resulted in massive underfunding of public pension plans.
2. Immediate Interests: Focusing on paying current retirees is ignoring the fact that there will be nothing in left in the bank to pay current workers.