A new study shows that benefits are rising faster than GDP in most states.
Pension costs are soaring across the country, and government unions blame politicians for “under-funding” benefits. Lo, if only taxes were higher, state budgets would be peachy. The real problem, as a new study shows, is that politicians have promised over-generous benefits.
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No, the REAL problem is that we allowed our industries and our tax base to be off-shored by the corporations which control our government.
I was in the military for 13 years (for which I receive NO pension) and a state employee for 10 years (for which I receive a modest pension). Throughout that time I received FAR less compensation than did my civilian counterparts.
I am NOT an overpaid pensioner, and I am NOT a parasite. US global corporations are the true parasites here.