Last week The New York Times dropped a bombshell, reporting that "policy makers are working behind the scenes to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers."
This is truly huge news, with far-reaching consequences. But it shouldn't come as a surprise if you've been reading my columns ...
http://beforeitsnews.com/story/375/477/Dead_ahead:_State_and_city_pension_FAILURES.html
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