Government Pension Woe Pandemic
Municipalities, counties and states in horrible financial straits are retaining ever more creative legal counsel to assist slippery politicians to slither out from under pension and health care obligations taken on decades ago.
What started as a small leak several years ago, when California towns began filing Chapter 9 bankruptcy, is now turning into a full scale dam burst, threatening government pensioners nationwide.
The situation is serious and while unions are pushing back hard, it may not be enough, as the money just isn’t there and neither is the will to set things right. Read more…
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