Thursday, August 20, 2009

Pension reform, school choice, deunionize government.

"All of a sudden, government officials are noticing the enormous amount of unfunded liabilities – i.e. debt – that future taxpayers are on the hook to pay for to make good on all the unreasonable guaranteed pension promises that officials have made to government workers. In Orange County, government workers can retire in their 50s with 80 percent or more of their final year's pay guaranteed forever. Some can retire with more than their final pay after they take advantage of the many pension-spiking gimmicks."

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