Over the past two decades, unions have lifted money from their pension funds and deposited that money into DNC coffers. A federal bailout will allow unions to shore up those pension accounts while at the same time allowing taxpayers to fund (at the point of a gun) Democrat candidate elections.
Study: States must fill $1 trillion pension gap
http://www.msnbc.msn.com/id/35448576/ns/us_news-life
HARRISBURG, Pa. - States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating costs if immediate action isn’t taken.
Another time bomb waiting to go off.
I’ve been reading this for years.
—nowhere is it more true than CA an NY. They are the models of our pending demise. don’t expect the kleptocrats in government to take any serious action .
http://www.pensiontsunami.com/public.php