The Prof
DP Veteran
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- Jul 26, 2009
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States cannot print money and must have a balanced budget yet one of the biggest costs to the state is public unions and they don't negotiate with the people that pay their salaries.
yup, and it's TWO POINT FIVE TRIL of UNFUNDED public TRUST held by just those STATE LEVEL pensions ALONE
FT.com / US / Economy & Fed - US public pensions face $2,500bn shortfall
and it's HOW WE GOT HERE---that's the point
not only do they not negotiate with the people who ultimately pay their salaries, they negotiate instead with the people to whom they contribute hundreds of millions