What you're describing is the fault of those managing the pensions, specifically that they continually underfunded them while expecting unrealistically high ret

What you're describing is the fault of those managing the pensions, specifically that they continually underfunded them while expecting unrealistically high returns. Detroit? You mean when the city that was in bankruptcy due to a multitude of reasons (decades of mismanagement at both the local and state level, decline of auto sector, white flight, etc.)[0], and the "parasites" as you call them that agreed to a cut in their benefits that was pivotal to the bankruptcy going through?[1] I'd say that example (along with your language) makes it clear there's more ideology than fact involved in your argument... [0]https://en.wikipedia.org/wiki/Decline_of_Detroit#Contributors_to_decline https://en.wikipedia.org/wiki/Decline_of_Detroit#Contributor... [1]http://michiganradio.org/post/detroit-bankruptcy-lesson-underfunded-pension-funds-could-trip-other-municipalities http://michiganradio.org/post/detroit-bankruptcy-lesson-unde...