The unfunded pension liability scheme

[dsummoner]

Source:

First the UK:

For all our UK readers, who hope some day to collect pension benefits, we have two messages: i) our condolences, and ii) you won't. Why? The answer comes straight from the ONS: In summary, the estimates in the new supplementary table indicate a total Government pension obligation, at the end of December 2010, of £5.01 trillion, or 342 per cent of GDP, of which around £4.7 trillion relates to unfunded obligations.

The United Socialist States of 'Mericah (**** yeah! country and doing and stuff and number one and 'murican jobs and stuff):

Of course, US-based readers should not get their hopes up too much either. With total underfunded liabilities - including SSN and healthcare, in the US well over $100 trillion (on under $16 trillion of GDP) it is only a matter of time before the entire welfare state ponzi scheme blows up.

No Butfatt jingoist tax or eat the rich scheme is going to fix this.

[Joy in Mudville]

The United Socialist States of 'Mericah (**** yeah! country and doing and stuff and number one and 'murican jobs and stuff):

Why are suddenly mimicking the speech patterns of the 43rd president of the United States?

[AttackPlanR]

This thread makes me sad.

[SalisburySage]

Ha!..............But never fear it will somehow be George Bush's fault. LOLROTHFLMAO.

Sooner or later as Margaret Thatcher said, you will run out of other people's money.

[dsummoner]

Why are suddenly mimicking the speech patterns of the 43rd president of the United States?

Because I am fully enjoying the death knell of Omar's so-called 'political spectrum.'