“If the president doesn’t get serious about the need to address our fiscal nightmare, yeah, there’s a chance it could not happen,” John Boehner told Politico.
“It,” in this case, isn’t a golf game, or a bipartisan potluck. It’s a vote on the debt ceiling before the Treasury runs out of room to cover our debts.
Properly understood, what Boehner actually said is “if the president doesn’t get serious about the need to do what the Republican Party wants on fiscal policy” — note that allowing the Bush tax cuts to elapse would cut the deficit substantially, but wouldn’t calm Boehner — “yeah, there’s a chance I am prepared to trigger a fiscal nightmare.”
More fiscal bad dreams.
States are short $1.26 trillion in paying for public employee pensions and other retirement benefits, a gap that grew 26 percent in one year and will take many more years to wipe out, according to a report released on Tuesday.
A total of 31 states had pensions that were underfunded in fiscal 2009, the latest year for which data is available, up from 22 states a year earlier, the Pew Center on the States reported.