“The Triumph of Organized Labor and Government Experts”

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.

About Stephen E. McGaughey
Resident of the City of Coral Gables

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