> How could places like Detroit or Puerto Rico continue to pay their promised pensions when their economic base has evaporated? As a manager of a small team, I

> How could places like Detroit or Puerto Rico continue to pay their promised pensions when their economic base has evaporated? As a manager of a small team, I had this problem. My team was composed of very senior people and I had a big bag of money to share for salary increases. Another manager had a very junior but very brilliant team and his bag was quite small. We joined efforts, and we joined the bags. Now we had the flexibility to give the correct salary increase to everybody. The way to solve this problem is to share the burden. That is the base for insurances. Governments should offer an insurance against local changes. As the economy goes global, it should be a global effort. This is easier said than done. But it is the real solution.