Can the President Raise the Debt Limit Unilaterally? Hell no!
- CONSTITUTION, Uncategorized
- July 27, 2011
In November of 2016, Colorado’s Public Employees Retirement Association Board (PERA) realized it had a problem. Not only did the state’s public pension system have a current unfunded liability of $50 billion, but overly-optimistic expected returns and overly-pessimistic mortality tables would leave the plan at less than 20 percent funded in a couple of decades
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