follow the buffalo

follow the buffalo

fiction
edward w pritchard


Wise were the native Americans when it came to where to live. Mostly some tribes just followed the
Buffalo about. No obligations had they like current Americans to fund the underfunded pension liabilities of the States they lived in or neighboring States.

California public employees retirement system [CALPERS] reiterated this week that they need to earn 7% year after year to fund current pension obligations which are currently $150 billion underfunded according to conservative estimates.

It's been a long time since a bank CD paid a one year rate over 7%. I worked in a bank then, back in 1990. Of course riskier investments sometimes pay higher returns.

Ohio currently has huge unfunded pension liabilities for public employees. A few other States may have under funded pension liabilities as well.

When will a border wall be imposed on the citizens from Ohio and California to keep citizens from fleeing to avoid additional obligation to help pay retired public workers pensions?

It doesn't matter to me. I will be gone then. I shall rise and pass following the buffalo.

Well maybe I do worry a bit for the grand children.