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http://news.mobile.msn.com/en-us/articles.aspx?afid=1&aid=41188877
This is what happens when the states are allowed to "borrow" from the pension plan funds. They take the money and leave an IOU in the box. Then when they go bankrupt, they don't have to pay the pensions.
Corporations have been doing this for years. There is nothing new under the sun.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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