January 25, 2011
Another View: Public employees are negotiating pension changes
Dan Pellissier attempts to use our hope for honest civic discussion to conceal his long commitment to cutting retirement security no matter the consequences.
An honest assessment of our budget situation starts with the worst economic crash in 70 years and how Wall Street speculation hurt every aspect of the economy.
Those market conditions are also the cause of retirement funding shortfalls. "The main driver of the current level of pension funding pressure is market losses in late 2008 and early 2009," according to a study by the Fitch independent global rating agency...
LINK - SacBee.com (Opinion)
