Wednesday, August 14, 2013

Salon Warns Public Workers: Your Pensions Are Not Safe

Salon Warns Public Workers: Your Pensions Are Not Safe | Via Meadia:
"It’s taken a while, but mainstream publications are finally coming to terms with the severity of the public pension crisis. 
After Detroit declared bankruptcy last month, the NYT noted that Chicago could be next in line.
Now Salon is weighing in with an even more expansive warning that Detroit’s and Stockton’s attempts to discharge their pension obligations in bankruptcy may tempt other states and cities with similar public pension woes:"

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