I’ve written a lot about US public pension funds lately. Many of them are underfunded and will never be able to pay workers the promised benefits—at least without dumping a huge and unwelcome bill on taxpayers.
from Forbes Real Time https://www.forbes.com/sites/johnmauldin/2017/10/03/the-pension-storm-is-coming-to-europe-it-may-be-the-end-of-europe-as-we-know-it/
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