Government says their Pensions are 1 trillion Short?

Walter Burien

2/21/2010

Well, looks like it may be time for an education lesson!

If you said you were $40 short on your monthly food budget, what is the first question that comes to mind?

ANS: What is your monthly food budget..

If your food budget was $400 you are short 10%, if $80 then you are short 50%.. Big difference between the two.

This media “promotion” of 1 trillion dollars short has two big pieces of the picture intentionally omitted.

1. What is the “collective” totals under management that they say they are 1 trillion dollars short on?
2. What is the actuarial projection being used whereby they say they are 1 trillion dollars short?

The story continues …..

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