Pension Deficits Are Not Like Droughts
David Crane
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Another excellent analysis by Mr. Crane. If he could only pose a practical reform. I have suggested electing real pension reformers to legislative and administrative offices, followed by salary freezes until deficits and annual pension costs of over ten per cent are eliminated. Exercise of salary limitations would bring the govt. labor unions and staff to the bargaining table because it is legal. There is no vested right to any salary level. But nominal pension reformers avoid the effort needed to elect true pension reformers, hoping for a magical court decision, or, a state wide initiative with the naive hope that such an effortless tool will overcome docile, pro destructive, salary/pension legislators that now dominate all legislative bodies.

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