Tag Archives: unfunded liabilities

NJ Gov. Christie Evades Government Spending in Union Giveaway

Bloomberg reports that New Jersey’s unfunded public employee pension liability increased by $5.5 in 2012, which is a 13% increase in the states total unfunded pension liability. As I have written before in the case of Obama’s $761.5 billion accounting … Continue reading

Posted in Election, Political Discussions | Tagged , , , , , , , , , , , , , , , | Leave a comment

Obama Using Accounting Cheat to Hide $761.5 Billion in Deficit Spending

Federal Times reports an OPM announcement that the unfunded liability for federal employee pensions is $761.5 billion– the size of a TARP bailout. Today private companies, like Ford, have been pouring their profits into pension liabilities instead of new jobs, … Continue reading

Posted in President | Tagged , , , , , , , , | 5 Comments