To the Point
After Detroit, Public Pensions Are No Longer Sacred
State and local governments may be breaking their long-standing promise to public workers. Guaranteed pensions are said to be too expensive. How did they get that way?
By Warren Olney • • 51m ListenFrom Rhode Island to Illinois to California, state and local governments may be breaking their long-standing promise to public workers. Guaranteed pension plans are said to be too expensive. How did they get that way? Is it the fault of people who took moderate wages for sometimes dangerous jobs in exchange for security in their old age? Also, Congress has just days to pass a "cease-fire" budget deal, and new revelations about government spying — using online computer games.
Banner image: A Magill
