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A thoughtful reminder of another pension landmine

OCTOBER 11, 2018 | by James Bacon | BACON’S REBELLION (VIRGINIA)

“A recurring theme of Bacon’s Rebellion is that billions of dollars of liabilities lurk in the balance sheets of Virginia’s state/local government and quasi-governmental organizations …” Comment on post by John Harvie includes “I don’t think a taxpayer bailout is necessarily unfair. Where else can the funds come from? Obviously investments aren’t cutting it.”

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