Tag Archives: Bloated Public Sector

Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions

I was alerted to this post by a friend on Facebook. It points to a New York Times article on pension robbing. Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions. The definition of Financial Repression: … Continue reading

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Bad News: Government Handouts Make Up 35% of All Wages

This is much worse than I thought.  http://www.cnbc.com/id/41969508 Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to … Continue reading

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