Another 30% decline from here should obliterate all Public Pensions. Those rosy and bogus annual pension fund projections of 8-9% returns, should deep-six all governmental bodies budgets. So get ready to pay more in taxes to make up for the shortfall that your state local representative or city councilman approved to take care of public servants-----you probably don't even know who they are! Do you?Of course, the Black Swan is that you likely won't have a job either, so payment of any taxes will decrease your overall spending. And when you eventually get foreclosed, banks will be on the hook for payment of all property taxes. The bad part is that you pay for banks' plant and upkeep out of YOUR future Social Security benefits.
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