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Pensions

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Some of the Financial Crisis comes from Public Sector Pensions. Whether it is pensions for state workers, teachers or legislators, the financial promises made by politicians have put taxpayers on the hook. Rendell's Budget Secretary Mike Masch says in a Trib article, "... government will be the last provider of retiree pensions and health care to cut back to terminate those benefits." And he makes this declaration despite his admission that he has no idea how high the taxpayers' liability is for these promises to government employees.

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Some of the Financial Crisis comes from Public Sector Pensions. Whether it is pensions for state workers, teachers or legislators, the financial promises made by politicians have put taxpayers on the hook. Rendell's Budget Secretary Mike Masch says in a Trib article, "... government will be the last provider of retiree pensions and health care to cut back to terminate those benefits." And he makes this declaration despite his admission that he has no idea how high the taxpayers' liability is for these promises to government employees. Private sector workers could never show such negligence in managing future costs.\