Unions Cry Crocodile Tears on Municipal Pensions [Michigan Capitol Confidential]:
"These defined-benefit pension systems were a contributor to the mountain of liabilities that finally drove the city of Detroit to seek federal bankruptcy protection last week.
Across the country, they are widely perceived as ocean liners racing toward clearly visible icebergs, with few of the policymakers at the helm doing anything meaningful to reduce speed or change course."
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