Or is it a last gasp ? Governor Walker and Chris Christie among others have taken bold controversial steps to fix a huge public problem . Now there isn't an American paying attention who doesn't see the problem. We may disagree on the remedies ;but now at least we know what's at stake.
Eventually this will filter up to the national government . Congressman Devin Nunes of California has a bill on the table for public disclosure of all unfunded liabilities due to public employee pension .I hear the numbers totalled is staggering .
Congressman Devin Nunes - California 21st District :: Press OfficeQuote:
“Public employee pensions represent trillions of debt carried by the American taxpayer. Unfortunately, this debt is masked by accounting practices that would never be tolerated in the private sector. It’s time to open up the books. Once we enact this bill, retirees, government workers, policy makers, and most importantly the people who are paying the bills, can make up their own minds about the soundness of public pensions.”