Comments on: USA State Governments Have $1,000,000,000,000 in Unfunded Retirement Obligations

By: Dishonest and Dangerous State Budgets at Curious Cat Investing and Economics Blog

Thu, 10 Mar 2011 19:07:26 +0000

[…] have written about these problems before, including in: USA State Governments Have $1,000,000,000,000 in Unfunded Retirement Obligations. One small (compared to the problem for the whole country) He notes is that California has a $62.5 […]

By: Are Municiple Bonds Safe? at Curious Cat Investing and Economics Blog

Are Municiple Bonds Safe? at Curious Cat Investing and Economics Blog — Wed, 22 Dec 2010 00:13:14 +0000

the incredible long period of irresponsible spending and taking on long term liabilities (pensions, health care costs, infrastructure to maintain) and low taxes and selling off future income streams (to consume today) leaves those bonds with questionable financial backing in many locations…

By: Buffett Expects Terrible Problem for Municipal Debt at Curious Cat Investing and Economics Blog

Thu, 03 Jun 2010 01:42:32 +0000

“There will be a terrible problem and then the question becomes will the federal government help,” Buffett… Berkshire’s investment portfolio included municipal bonds valued at less than $3.9 billion as of March 31, down from more than $4.7 billion at the end of 2008

By: Fiscal Irresponsibility Results from Financial Illiteracy at Curious Cat Investing and Economics Blog

Fri, 21 May 2010 19:00:39 +0000

[…] poor financial management by public sector organization (California is horrible also) are causing huge damage to those living in such poorly managed states. he cost of public pensions […]