State and Local Pensions Average 0.6% Return In 2016 (Despite 7.6% Return Assumption and Chronic Underfunding)

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
The US Federal government is spending at a fast and furious rate. US Federal Spending is rising at a staggering $428,253,120 per day while US Federal TAX Revenue is only rising at $129,857,760 per day. That is almost a ratio of 2x tax revenue.

This post was published at Wall Street Examiner by Anthony B Sanders ‘ August 5, 2017.