Month: April 2018

Running On Empty

Public pensions and medical funds are delineating inevitable battle lines: governments versus taxpayers, the unproductive versus the productive, the aging versus the young. Public pension obligations are rising so fast that even repeated tax increases canโ€™t keep up. If the stock and bond markets suffer multi-year declines, even modest declines, the pension war will move from skirmishes to open political combat.

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