Relevant:
- Federal Bankruptcy Court Lets Stockton, California Cut Retiree Health Care Benefits; Flood of City Bankruptcies Coming
- Report: State and Local Governments Have Almost $4 tln Pension Shortfall
- Kicking the Budget-Deficit Can "Texas Style"
- Rhode Island Struggles With Enormous Pension Problem: 'The Titanic Is Going Down'
- Cities Face More Budget Problems, Report Says
2012-04-07 — globaleconomicanalysis.blogspot.it
Unfortunately, firing useless bureaucrats is not even half the battle. Accrued pension benefits is the big problem for cities and states. Except in a handful of bankruptcies, little overall progress has been made.
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