I’m not trying to scare you. But….There are countless discussions about the problems facing public pensions…I don’t it’s possible to tax our way out of this… So it appears it will be a game of music chairs…Last person to sit down won’t have anything to collect…
Note the problem is both at private and public pensions.. The extent of the problem is debatable. But the problem does exist.
And private pensions sometimes end up being taxpayer’s burden…Because to my understanding, the convoluted insurance of some private pensions that go belly up inevitably is somehow tied to public money.
