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Monday, September 20, 2010

Video: S&P Companies Face $506+ BILLION Pension Shortfall

Yes - that would be more than a half a trillion dollars. And that's just the shortfall, not what the outlays are. Is there any other better example than pensions as to what the word "unsustainable" means? The time for paying people NOT to work is a relic from generations ago and we should be reading about it in history books rather than debating it in this day and age:







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