The issue of what to do about public pensions is one that will dominate US politics for years to come. It is fairly assessed here.
Bonus Link: Unfunded state pension and health liabilities are now estimated to be $3.1 trillion. Read this report for dreadful detail. (via John Mauldin).
Friday, August 06, 2010
Posted by John at 8/06/2010 09:38:00 PM