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Old 06-19-2018, 01:39 PM
Location: Nebraska
3,255 posts, read 1,635,581 times
Reputation: 2896



New Jersey has a $67,000 deficit per-capita and Connecticut has a $49,000 per-capita deficit.

Why should any state or local government worker have ever been promised a pension in the first place? If private business wants to offer a pension that is one thing but the concept of pensions for government workers with taxpayer money is beyond strange.

California interestingly is far from the worse.

Taxes are already very high in many states with huge pension deficits and they will have to have massive tax increases in the next decade that few could ever dream of.

Wonder what Wyoming and North Dakota are going to do with the huge pension surpluses they have I wonder? Likely, do what they always have shove all that extra money they have into state severance, rainy-day and surplus accounts.

Wyoming and North Dakota each have over $20,000 per-capita pension surpluses over the long-term per resident.

California on the other had has a long-term pension deficit of $21,600 per Californian.

Connecticut has a long-term pension deficit of $49,000 per resident.
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