"Are State And Local Government Pensions Underfunded By $5 Trillion?"
Public pensions are lying to the voters, taxpayers, themselves, and the pensioners. The amounts these state and local governments have to support these pensions is far less than they are claiming. This is little more than a smoke and mirrors campaign.
Pension Reform Is At A Crossroads In New Jersey
I have written about this before, but there are many who do not seem to believe that the problem is real, or that it will cause serious economic damage. It will. The problem is so pervasive that it cannot but cause extensive damage to the economy. However, by addressing these issues sooner rather than later, we can potentially limit the damage.