April 12, 2012 at 19:00 PM EDT
California State Teachers’ Retirement System,Largest US Teacher Pension Fund Only 69% Funded
While the epically underfunded status of the US, by all definitions a ponzi scheme, whose combined liabilities have a net present value of about $100 trillion, is known to everyone, most can simply shake it off for too reasons: 1) it is a number too big to comprehend, and 2) by the time the ponzi blows up it will be some other generation's problem. H...
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