Establishment Tries To Suppress “Dissident Actuaries” Explosive Report On Public Pensions…(Pensions Are Toast…)

Sunday, August 7, 2016
By Paul Martin

by Walter Russell Mead via The American Interest,
Aug 6, 2016

America’s slow-motion public pension train-wreck (by some estimates, the shortfall currently exceeds $3 trillion) has been kept in motion for years by deeply dishonest accounting practices employed by state and local governments, which presume unrealistically that pension funds can consistently earn white-hot annual returns approaching eight percent. So it’s disappointing, but not particularly surprising, that the actuarial establishment moved to suppress a report pointing this out.

The Rest…HERE

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