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February 16th, 2009, 08:06 AM #1
Big Debt Looms
- Join Date
- January 18th, 2005
- West Coast USA
Largest obligations for medical care of civil servants for current and future retirees (in billions):
New York City: $59.5
New Jersey: $50.7
New York state: $41.4
Sources: State, city financial reports
February 16th, 2009, 08:17 AM #2
NY has a big problem here. Can they realistically tax their residents more than they already are? I don't live in NY, but my friends that do are already getting taxed to death, especially in NYC.
February 16th, 2009, 05:00 PM #3
February 16th, 2009, 05:18 PM #4
If the think the state obligations for medical care is bad, you should see the unfunded liabilities for Medicare and Social Security.
February 16th, 2009, 09:26 PM #5
The fed govt. will simply borrow, print, and spend money to bail them out. Seems to be the accepted way to 'solve' economic problems now.
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