11 State Pension Funds that May Run Out of Money

The government was not the cause of all these pension problems. Wall Street greed was. We have had horrendous booms and busts ever since that idiot Reagan, and the last boom and bust did us in completely. Wall Street needs to pay restitution. I refuse to sacrifice for this @#$% country until Wall Street pays up. The rich also need to pay their fair share. The teabaggers suck and will ruin this country. I refuse to be a productive member of this worthless society if everything I have worked for is taken away. I don't want to live in the greedy culture we have now. To hell with this country if the teabaggers get their way.

Forget retirement. I intend to work until I drop dead. You can't count on getting any of the money back that you put into a retirement system. The politicians will just use the money for other things. We are facing a crisis in this country. Lots of dead retirees who will starve to death because they believed the nonsense they were told. The politicians had their hands in the money pot. To hell with everyone else.

Jimbo, You "deserve" a pension. I am a government worker too. So why don't all private sector workers also "deserve" a pension too? Maybe one could say that we have an agreement for a pension, but the "deserve" description I question. After 20 years in the gov. I'll say the most government workers have easy secure and high paying jobs with total benefits. And most gov. workers don't work too hard, although I respect your type job more than most. Life is a blessing, one is "owed" little in life.

Hey Roy, I am one of those union scum bags. I guarded convictsd that you as a citizen wanted locked up for 28 years. I deserve a pension whether asswipes like you think so or not. If you think working for a prison is so great, why don't you apply?

For too long politicians have been using state jobs to reward their following and to create a following now most systems are indebt and living dat to day....In Puerto Rico the Retirement Fund was used by ALL political parties as a cash cow...They borrowed and borrowed until finally they are on the verge of collapse..The present government has laid off over 30000 employees with more to come....Huge crisis on hand and no plan B.

This is like the biggest Ponzi scheme ever. This makes Bernie Madoff look like candy thief compared to the union scum bags do this legally.

UNIONS must be stopped!!

Reply to StephenW

Take a look at Illinois which is Obama's old state prior to presidency. The Illinois house is a primarily democratic with a democratic governor. Democrats have complete control of this state. There is nothing republican about this state-- other than a newly elected senator (Mark Kirk) that just earned Obama's chair 1 week ago.

Is Illinois a republican State? It is however #1 on the list.

Just thought for your comments.

In Illinois the teachers who wanted to retire got big boost in their wages to get a larg pension. Then the state itself borrowed from the fund. Two wrongs sure don't make a right.

i worked for the state of new jersey some 20 years. our pension fund was so fat that from time to time the state executives would borrow to secure short falls in the budget. they would provide early retirement incentives so new, cheaper employess would replace old ones with high salaries. they could do so as the retirement fund was so fat.

the current pension fund sufferred from the 2008 recession
because the fund, who invested in blue chip stocks, took a hit.

so when i hear the state must chip in to save the fund,it is expected as a matter of course.

No surprise. The US Federal government is bankrupt with over $13.6 Trillion in debt with no way out. The current US budget deficit is over $1.3 Trillion. Congress can't maintain a balanced budget. Your state is in debt too, so is your local government. Over half the US population is either directly or indirectly DEPENDENT on government spending. Analyze it however you want. Its only a matter of time. We're done.