Pennsylvania to end state pension guarantees

“Public pensions are like paper currencies: They work well when managed by principled fiscally responsible people, if you can find them, but are vulnerable to political decisions to boost spending, cut income, and leave the program unsustainable for future generations.”

Basically, the Dems throw money at state workers and then the Republicans screw them. Public employees in Pennsylvania must feel like they’re on some kind of roller coaster from hell.

via PA Senate leaders: End state, teacher pension guarantees.

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