Summary
ONE financial expert describes it as one of the most stunning transfers of wealth in human history, from the pockets of taxpayers to the pockets of government employees. What will it take to awaken the victims?
What's happening is that extravagant increases in pensions and other compensation of state and local government employees threaten to cause a wave of bankruptcies, tax increases and cutbacks in services.See the full content of this document
Extract
Voters, Wake Up to Pension Costs
An analysis on our front page Sunday, Sept. 18 ("State pension crisis looms,' by Staff Writer Troy Anderson) showed that Californ...
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