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Old 11-12-2013, 09:05 PM
Jeremy Gold Jeremy Gold is offline
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SOA AAA
 
Join Date: Jul 2003
Location: New York City
College: Wharton PhD 2000
Posts: 448
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My take on borrowing to meet operating costs:

http://www.pbs.org/newshour/rundown/...ners-safe.html

Every public pension plan less than 100% funded is a form of borrowing to meet operating costs.

Chicago, $30 million, pfft.
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