Public Union Battle Royale

[Cruella]

This is in the UK, but I bet we aren't far behind.

The UK's Most Disturbing Number: Total Unfunded Pension Obligations = 321% Of GDP

For all our UK readers, who hope some day to collect pension benefits, we have two messages:
i) our condolences, and
ii) you won't. Why? The answer comes straight from the ONS:
....snip......
Of course, US-based readers should not get their hopes up too much either. With total underfunded liabilities - including SSN and healthcare, in the US well over $100 trillion (on under $16 trillion of GDP) it is only a matter of time before the entire welfare state ponzi scheme blows up.

 

[Johnny Tremain]

This is in the UK, but I bet we aren't far behind.

The UK's Most Disturbing Number: Total Unfunded Pension Obligations = 321% Of GDP

For all our UK readers, who hope some day to collect pension benefits, we have two messages:
i) our condolences, and
ii) you won't. Why? The answer comes straight from the ONS:
....snip......
Of course, US-based readers should not get their hopes up too much either. With total underfunded liabilities - including SSN and healthcare, in the US well over $100 trillion (on under $16 trillion of GDP) it is only a matter of time before the entire welfare state ponzi scheme blows up.

All Ponzi Schemes--come to an end.
Next--they will try the Pigeon Drop with Germany. Ha!