I saw an article online and it made me think of this old line. It was my father-in-law's favorite.
The article deals with NY state and municipalities and their payments to the state pension fund. Seems they are having problems coming up with the $$, so they're going to borrow the money for the payments - get this - from the pension fund. The money borrowed will have to be paid in 2013.
Wouldn't it be easier just to stick an IOU into the offering plate? Why not looking at cutting payouts - at least temporarily?
I guess it's good I don't live in New York. Full story at -> http://www.nytimes.com/2010/06/12/nyregion/12pension.html?partner=rss&emc=rss