Debt - US Cities Face Half a Trillion Dollars of Public Pension Deficits - CNBC

THIS is why our streets aren't paved...why our Fire Stations are closed....why we lay off Teachers.....why are infrastructure is crumbling. It isn't a lack of money - it's trying to pay these insane pensions promised years ago with almost no public input.....

Debt - US Cities Face Half a Trillion Dollars of Public Pension Deficits - CNBC:

The gap at the municipal level would be in addition to $3,000 billion in unfunded liabilities already estimated for state-run pensions, according to research from the Kellogg School of Management at Northwestern University and the University of Rochester."