According to the legal papers, Daugherty was not a reluctant witness at a Dondero divorce proceeding earlier this year when he testified that Dondero was manipulating his net worth calculation down so he would have to pay Rebecca less under Texas state law.
Instead, today's workers pay for today's retired and the demographic calculation is that whereas in 1995 there were roughly five people of working age for every retired person, in 2030 there will be only three.