There's a reason the city of Vallejo went bankrupt, and others are on the precipice. We're also creating a two-tiered society, where the public's servants have become the public's masters, with public employees retiring at young ages with large incomes and guaranteed health care – and regular folks working perhaps 20 years longer and retiring on much less.You'll want to read the whole thing. Another great one from Steve Greenhut.
Wednesday, July 29, 2009
Time Prime for Pension Pushback
Steve Greenhut reports: