re: #289 palomino

i know, donk states vs. goper states…but many states on each side had huge deficits, so the issue of the drivers thereof is much more complex

earlier, some states had the initial big problems…returns on investments were not footing the bill…CA, Jersey, Illinois…the deals were toxic to the states and the numbers were unreasonable…10 years on the fire dept and cop 100k year…that sort of stuff…but as the markets continue to fail, the same problem has spread and now even reasonable pensions are getting clobbered…what were these states thinking?…to me it’s as irresponsible as top heavy corporate salaries