Saturday, October 27, 2012

Are Public Pensioners Safe?

Of course not! 

Are Public Pensioners Safe? | The Business Desk with Paul Solman | PBS NewsHour | PBS: "My own prognosis for public pensioners is pessimistic. Pension funds are in general underfunded, as we've reported early, again and again. They assume unrealistically high rates of return on their assets. They refuse to, or simply cannot, raise taxes on their citizens and businesses. The only alternative is to cut benefits. And that's happening with increasing frequency all over this land."


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