“The Triumph of Organized Labor and Government Experts”

September 11, 2010 Leave a comment

I guess we in Coral Gables understand this statement.  Read this for further information about the eventual collapse of state and local government pension plans and who will end up paying.

General Motors and Chrysler lost their economic viability because they could not support workers’ pensions. Now the same thing is happening to state and local government.

via The Triumph of Organized Labor and Government Experts, Arnold Kling | EconLog | Library of Economics and Liberty.

Filed under Pensions

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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