Get ready for the next ginormous taxpayer bailout:
A Democratic senator is introducing legislation for a bailout of troubled union pension funds. If passed, the bill could put another $165 billion in liabilities on the shoulders of American taxpayers.
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Megan McArdle takes a close look at the new Government Accountability Office report on unfunded pension liabilities of GM and Chrysler. It’s not pretty:
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Fairfax County officials are about to run head-on into the same public sector pension funding crisis that is spreading across the entire country, as detailed by the Pew Center on the States' recent report about the "trillion-dollar funding gap."
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Drawing down the burgeoning costs of The City’s expensive and draining pension system may be placed in the hands of voters.Supervisor Sean Elsbernd and Mayor Gavin Newsom are supporting a charter amendment, which will be introduced today for the June ballot, that would tackle The City’s taxing pension system.
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URL: http://www.sfexaminer.com/taxonomy/term/4655?page=4%2C0%2C0%2C1&quicktabs_6=0
