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Podcast: PRay TeLL, Dr. Hash
Episode: 294 Government Pensions
Description: Government pensions are three-way unconscionable contracts where government employees collude with other government employees while putting the obligation on the taxpayer. To show how big a problem this is, consider that government pension obligations are equal to the total net worth of the United States. Also, the idea of government pension “reserves” is a laughable myth. The whole concept is disingenuous because “saving" is inapplicable when it comes to governments because they have no place to put the saved money, and since Government strains to balance budgets, the only way to pay pensions is to raise taxes.
One of...