DALLAS PENSION FIASCO JUST THE BEGINNING ZERO HEDGE LOGIN GLOSSARY ARCHIVE MANIFESTO DONATE NEWSLETTER MEDIA DEFENDING PUBLIC ADMISSIONS COLLECTING INTELLIGENCE TRUMP MAR 31 SEAN HYPOCRISY TUCKER PROFESSOR ALMOST CLASS PASSENGER GAVE SEAT SOLDIER FIRST QUARTER HERE THE WINNERS LOSERS STOCKS TYLER SHARES SUBMITTED JONATHAN ROCHFORD ROAD RECENT DALLAS POLICE FIRE PENSION SYSTEM WHILST BLAME CIRCUMSTANCES SUBSTANTIAL REDUCTIONS PENSIONS AMERICAN PENSION FUNDS HEADING DOWN THE COMBINATION OVERPRICED FINANCIAL INADEQUATE CONTRIBUTIONS GENEROUS PROMISES MEAN DOZENS LOCAL STATE GOVERNMENT PLANS END UP SIMPLE MATHS POLITICAL FACTORS PLAY DETROIT THE COMING ELSEWHERE BACKGROUND PENSION SCHEME UNDERFUNDED MANY YEARS THE SITUATION RECENTLY THE TABLE BELOW AT 1 PENSION PLAN BILLION ASSETS LIABILITIES FUNDING RATIO MERE EQUITY MARKETS THE LAST SEVEN VALUE THE ASSETS FALLEN SAME TIME THE STORY OF OUTCOME DATES DECISIONS THE FINANCIAL CRISIS RETURNS FINANCIAL MARKETS STRONG LEADING BELIEVE BOARD PLAN TERMS EMPLOYEES THE HIGHER GREATER MUNICIPALITY THE NOW NOTORIOUS DROP COST OF LIVING CHANGES SKYROCKET FUTURE GUARANTEE INVESTMENT RETURNS INFLATION PERSONNEL THE EQUIVALENT FREE LUNCH FULL THE 2000S INVESTMENT DECISIONS DISPROPORTIONATE AMOUNT INVESTED ILLIQUID EXOTIC ALTERNATIVE INVESTMENTS DIDNT DECLINE THIS WAS DEFERRAL THE INEVITABLE WRITE DOWNS THE LAST CHANGE EVENTS THE STATE SHOULD BLAMED FOR THE POOR SYSTEM CONTROL HUGE PROBLEM MINOR CONCESSIONS ARGUING ENTITLED PAID IN FULL ASKED ADDITION EQUIVALENT GENERAL FUND REVENUE CONCERNED ENTITLEMENTS MIGHT NOT THE EMPLOYER MIGHT INCREASE ALREADY CLOSE LEGISLATIVE POLICE OFFICERS HIGH RECORD PULLING OUT FOUR MONTHS OF WHAT WAS SEEING POSITION MEASURED REDEMPTION REQUESTS LIQUID ASSETS SUSPENDED FORECAST EXHAUSTED LITIGATION BEGUN SUING CLAW BACK THE GENEROUS BENEFITS IMPACT CRIMINAL INVESTIGATION EVERYONE LOOKING SOMEONE ACCEPTED CUTS INTERPLAY REALITY POLITICIANS POLITICALLY BENEFICIAL TAKING ACCOUNT KEEPS WORKERS HELPING THE POLITICIANS THE BILL GENEROSITY BEYOND THE CURRENT ENABLING TO GO ESCALATOR THE ELEVATOR MARKET CRASH RETURN EXPOSED KICKS THE CASE THEREFORE MAKE UP LESS THAN CHOSE FULLY TAXES ENTIRE POPULATION ORDER VERY SMALL MINORITY CURRENT EASIER PREVIOUS THE MESS SELECT GROUP CUT HALF SELL MASSIVE TAX LEGAL REMAINS CLEAR EMPLOYEE BENEFITS MAXIMUM IN STATE SEEMS HAVE TO BEAR ALMOST ALL THE FINANCIAL PAIN LEGISLATION CHANGED THE BURDEN THE POTENTIAL DECLARE BANKRUPTCY STRATEGIC THE APPOINTMENT ADMINISTRATOR REDUCED BE ALL ISNT WONT STRUCTURE SPECIAL CASE SEEN AS IT FALL DEPOPULATION LEFT SMALLER TRYING DEBT SIGNS TO COME STATE GOVERNMENTS LIVING MEANS BUILDING GOVERNMENTS PAYMENTS WHETHER SPENDING GOVERNMENT SERVICES IN THE FUTURE PEW CHARITABLE TRUSTS RESEARCH ESTIMATES TRILLION PENNSYLVANIA CALIFORNIA GOING BACKWARDS RAPID WIDER RANGE HEALTH MERCATUS CENTER THE FIVE WORST MASSACHUSETTS SHOWS STATE PENSION AVERAGE ILLINOIS COMMISSION ON GOVERNMENT FORECASTING ACCOUNTABILITY CHICAGO THE NEXT SCHOOL SYSTEM SHOWING FINANCIAL DISTRESS STEM THE BLEEDING GRAB OTHER REVENUE LONG TERM OVERALL POSITION DEFAULT INEVITABLE WEAK WEAKER RAISING TAXES DESTINATIONS COVERS CREATES JOBS PEOPLE TAX BASE ALREADY THERE BENEFIT POSITIVE FEEDBACK LOOP MUNICIPALITIES IN TAXPAYERS FIRST TO LEAVE TAX BURDEN YOUNG COLLEGE EDUCATED PROFESSIONAL INCOME SALES TAX LITTLE THE WAY OF EDUCATION HEALTHCARE COHORT OPTIONS WORK THE FLIGHT MILLIONAIRES PARTICULARLY DETRIMENTAL PROPERTY CAUGHT CATCH 22 PROPERTY TAXES DECLINING POPULATION PUSHED PRICES POTENTIALLY NEGATIVE EQUITY DRAIN HOUSEHOLD BUDGET EFFICIENT RAISE TOO MANY PEOPLE LEAVE PLUMMET COLLECT CALCULATED PERCENTAGE THE PROPERTY POORER OLDER SIMPLY CANNOT SUPPORT BONDHOLDERS FARE PLAYBOOK DETROIT BANKRUPTCY ORDER OF PRIORITY FIRSTLY MUST NEED TO BALANCE THE BUDGET POLICE WATER WASTE COLLECTION CEASE SECONDLY MATCH AVAILABLE QUARANTINED MEET ABILITY CAPACITY LEGAL OBLIGATION EXPECT SOMETHING IN LINE LENDERS DONT VOTE BUNCH FACELESS WEALTHY INDIVIDUALS EFFECTIVELY RANK BEHIND EVEN THOUGH STATE AND LOCAL GOVERNMENT CANDIDATE SHORT RECOVERY RATE UNSECURED DEBT THE EVENT CRISIS TRIGGER AVALANCHE RISK MEREDITH WHITNEY STYLE BOY WHO CRIED WOLF FINANCIAL CRISIS WHOLESALE REVALUATION US STATE LOCAL GOVERNMENT CRYSTAL BALL ALMOST CERTAIN THE NEXT DECADE ASSET PRICES LOCAL GOVERNMENTS MAJOR CAUSING OBVIOUSLY DEFINED BENEFIT PENSION FUNDS US TREASURIES EQUITIES ENVIRONMENT MIGHT BE DESTROY THE GOOD USED TO KICK THE CAN LARGEST PENSION FUND CALPERS CAUSE HIGHEST HISTORY OF INCREASING INDEBTEDNESS REALISTIC DEBTS FORCE SEEK RESTRUCTURING ONCE MAINLAND LOOKS DRAMATICALLY THE POSSIBILITY THINK FILE WATCH THE PROCESS PUERTO FEDERAL TERRITORY NO ALTERNATIVE CUTTING VOTERS CONCLUSION CHRONIC BUDGET DEFICITS ALL SET THE STAGE WAVE DEFAULTS THIS CENTURY AREA COMPETITIVENESS VIABILITY SPIRALS WEALTHIEST SLASHING GOVERNMENT REVENUES FALL IN SHARPEN THE FOCUS FIND ROLLOVER SLASHED RECOVER VIRTUALLY ACTION PROBLEMS INVESTORS IN EXPECTATION CHRYSLER TAX REVENUE PU
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