Matt Welch Discusses California Pension Crisis on the Willis Report
Facebook
Twitter
Tumblr
Blogger
StumbleUpon
Digg
Delicious
Reddit
GoogleReason Editor in Chief Matt Welch discusses California's recent move to offer and manage private sector retirement plans even though the state is still dealing with a public pension crisis on the Willis Report. Airdate October 12, 2012.
3 minutes.
Scroll down for downloadable versions and subscribe to Reason.tv's YouTube channel to receive automatic updates when new material goes live.
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.
-
Pension liabilities have never been more volatile. Public unions and politicians are ignoring reality and creating pension deals based on wildly unrealistic economic predictions (), and it’s coming back to hurt everyone, taxpayers most of all (http://on.wsj.com/qB3BON). Until unions and politicians accept reality, this problem will continue to fester.