[quote=jpinpb] Their money is “invested” in their pension.[/quote]
Last time I checked they had invested their money collectively and poorly. Why should I be held accountable for their poor investment strategies. Attempts to keep a higher rate of return through risky investments are NOT my problem. Public workers whose retirements were poorly invested should seek damages from those responsible for managing their portfolio, not the general public who is facing unprecedented problems as it stands.
Current retirement budgets are predicated on an 8% annual return on investment. A return which is NOT feasible given current economic conditions. Give me ONE good reason these morons should not take their medicine like the rest of us had to, except they can simply beat the money out of us and use force if necessary to force us to pay?
