Much discussion has taken place lately relative to pension contribution shortfalls and the impact this situation will have on taxpayer obligations down the road. Below is a link to a very informative article from Time Magazine as it applies to teacher pensions.
Someday this matter must be addressed, because it has a direct impact on the economic vitality of this country. I’m afraid that ultimately every one of us will pay a substantial financial penalty for the shortcomings of our government officials at the federal, state and local levels. It is not just the politicians fault; the unions and their political muscle, votes, and money have put us in this mess.
The day of financial reckoning will come all too soon and it will be on the backs of those who never were part of a union.