This is what happens when deferred "defined" benefits spanning decades are controlled by political machines that operate under 2 or 4 year election cycles. Unf

This is what happens when deferred "defined" benefits spanning decades are controlled by political machines that operate under 2 or 4 year election cycles. Unfortunately, politicians get elected on the pork and candy they hand out NOW, not for the fiscal health of state pension funds 30 years from now.