And people still have faith in government–and Republicans and Democrats??? This is just the tip of the iceberg. The federal government’s unfunded liability is more than $200 trillion.
“If the Actuarial Standards Board enacts recommendations from its Pension Task Force, actuarial valuations for state and local government pensions will report unfunded liabilities of over $5 trillion a…”
Source: Are State and Local Government Pensions Underfunded by $5 Trillion? – AEI