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Daily Archives: July 26th, 2010

Sacrificing The Taxpayers To Save The Honor Of Thieves

According to Sunday’s Asbury Park Press story the New Jersey state pension system faces an unfunded liability of $46 billion to $174 billion depending on who you ask. Even the most optimistic figure would require a return on investment of 8.25%. The actual return over the past ten years has been 2.56%. Then there’s unfunded health care […]