Funny thing how if you look at pensions from states run by conservatives over decades their pensions are fully funded and doing quite well. In all cases the funds are invested by independent boards and the politicians are not allowed to raid them for their pet projects and political cronies and most of them have fairly small union participation. Granted most retiree in these states don’t draw near the pensions of the more liberal states but that is kinda what this is all about. The liberal states chickens are coming home to roost. They will try to get the rest of us to bail them out....sadly there is a possibility that will happen!!!
What has to happen is some type of financial reorganization for the states.. tolet them abrogate union contracts, and also cut the pensions and medical benefits to existing retirees..Look take California..likely to go belly up first..the Dems completely run the state..So you have cops, firemen, and other state employees currently retired on $100K+ pensions, with COLA AND full medical benefits for them and their families. So some GOP congressman in, say, Georgia, where the median income of his constituents is $50k, is gonna vote for a bailout for California>
NOPE..