Thursday, May 19, 2011

If public pension checks bounce, blame union leaders and politicians, not taxpayers

If public pension checks bounce, blame union leaders and politicians, not taxpayers
"Prichard simply stopped writing pension checks almost two years ago, leaving retirees without promised income even as the town forces current employees and taxpayers to keep paying into the fund.

Sure, Prichard is only a municipality, and states are states.
But that might not make much difference when the money runs out.
In fact, as sovereigns, states can pretty much pay — or not pay — whom they choose."

It's the union members who will be hurt most if this house of cards collapses.
Why do their leaders lie to the membership?

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