The question is “Public sector employee or Taxpayer or Public services?”
Some combination of the latter three are going to have to bear the cost of the generous promises that have been made.[/quote]
You forgot the ONE party that SHOULD be paying for this mess — those who caused the crisis — the financial sector.
We need to enact a transaction tax on all trades so that all the high-frequency traders get slammed. Take them out of the market and use whatever money is generated by the transaction tax to help cover some of the pension shortfalls. I’d also like to see some prosecutions and the confiscation of ALL assets owned by those who were responsible for the crisis. After this is done, THEN you can come after everyone else.
