I disagree with Hightower.

What you will find here is: a centrist's view of current events;
a collection of thoughts, arguments, and observations
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Sunday, December 26, 2010

Kicking the can

They call it kicking the can down the road. Unfortunately each time you kick it down the road it gets heavier and harder. Eventually it is gonna cause you a lot of grief.

The scenario is as follows:
1. a government entity cannot pay its employees as much as they want,
2. the government entity offers the employees large pensions,
3. the employees accept the deal
4. the government entity does not set aside enough to pay the pensions
5. the employees do not have what they contracted and planned for.

Can it happen here?

It is already happening here.

The result is illustrated in the following article.


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