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Old 02-02-2019, 03:26 AM
 
Location: Arizona
4,456 posts, read 2,240,120 times
Reputation: 3701

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https://www.statedatalab.org/state_d...ty/newyorkcity

https://www.statedatalab.org/state_d...ity/losangeles

https://www.statedatalab.org/state_d...s/city/chicago

Some shocking numbers between debt, other liabilities, unfunded pensions and retirement health care costs.

Wonder what happens if the next decade is similar to the decade at the beginning of the century where returns over a decade were extremely low to non-existent.

Not only that when the baby boomer era government employees retire to collect paychecks they will likely have two generations of retirees of retirees collecting paychecks and then of course they hire a new employee with a six-figure compensation package to replace the retiree.

Alot of big cities are going to have to either have astronomical increases in taxes or they are going to have budgets that mostly go to bonds, liabilities and pensions with little left over for other services.

San Francisco with a population of just over 800,000 people has a whopping 27 billion dollars in bonds, liabilities and unfunded pensions

Oakland has 5 billion dollars of bonds, liabilities and unfunded pensions with a population of 400,000

https://www.statedatalab.org/state_d...y/sanfrancisco

https://www.statedatalab.org/state_d...s/city/oakland
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Old 02-03-2019, 09:13 AM
 
Location: Living rent free in your head
37,652 posts, read 17,620,728 times
Reputation: 27723
lol you sure looked hard for a source that would confirm you bias, didn't you?

https://www.sourcewatch.org/index.ph..._in_Accounting
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