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> High level, the past strip mined the future, and the bill is coming due. I have no issue with private pensions. If employers want to offer them and employees
by koolba 5y ago
> High level, the past strip mined the future, and the bill is coming due.
I have no issue with private pensions. If employers want to offer them and employees accept them, have at it. Don’t look to me to find the difference when the numbers don’t add up.
Public pensions are a disaster though. The people making the promises don’t care about being fiscally solvent. They just want to buy votes using your grandchildren’s tax dollars as a credit card.
The earning class will eventually vote with their feet and those municipalities will either force a haircut on the pensioners or beg for a Federal bail out.
- deleted 5y ago[deleted]
- xyzzyz 5y ago> and those municipalities will either force a haircut on the pensioners or beg for a Federal bail out. And they will get the federal bail out, of course.