Sunday, February 14, 2010

Stating the bad news

Doug Ross collects the bad news of certain states with rich pension promises and poor prospects.
The mathematical impossibility of paying off the overly rich pensions of public sector employees is hitting home in state after state. The battle over dwindling financial resources will pit taxpayers against the unions; once the citizenry gets wind of the outrageous defined-benefit pension plans crafted by SEIU bosses, there will be no containing the rage.

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