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Breaking contractual promises is done all the time. There's a cost. Taxpayers are better off paying that cost and letting union aristocracy get 401K's like the rest of America.
So what do you do with the retirees in their sixties, seventies and eighties who fulfilled their end of the deal and now fear getting screwed so the banks and corporations can get a little bit more on their end?
What would you tell your mother or father in that position Maggie? Do you think your ranting about anti union nonsense will fill their stomachs or light their furnace when the pension is gone with the wind?