Home › Forums › Financial Markets/Economics › More on public pensions and the economy › no_such_reality wrote:BG,
[quote=no_such_reality]BG, that’s nice data however, it really highlights why you don’t want to live in the IE, not why they went broke.
Again, peak actual revenues, $133M, 2011-2012 revenues, $118m.
You are all missing the forest for the trees
(the forest) A 10-15% revenue drop and the government is unable to adjust over a four year period. (/the forest)
The rest is noise.[/quote]
When did SB go on a hiring spree? Was it before FY 2007/08 or after?
The answer to this question will shed some light on the way thru the forest.
