The Left's pension dilemma
April 16, 2010 Filed in: Budget & Finance
| Unions
Column: Steven Greenhut, The Orange County
Register (Updated April 18, 2010) Most of the
news stories focus, understandably, on the unsustainable costs to
government and taxpayers, as the bill for these millionaires'
pensions come due. There's no escaping the financial problem, borne
of elected officials who have bought labor peace by selling out
current and future taxpayers to the politically muscular public
employee unions. In a down economy, it's impossible to hide the
numbers much longer. But the other real story is that these pension
crises are undermining public services.