Saturday, January 30, 2010
Did you know that 25% of all of the pensions in the United States are in Pennsylvania? And I'm sure that some of the members of my vast readership who live in Pennsylvania have heard how many of the municipal pension funds across the state are grossly underfunded. I heard an estimate yesterday that the City of Pittsburgh only has 35% of the money necessary to cover its pension obligation. That's a pretty big shortfall. I wonder what the Boy Mayor is going to do, now that his "university tuition tax" seems to have faded away.
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