Here's an interesting story from this morning's WaPost discussing once sacrosanct government employee pension plans now on the chopping block. It is high time.
Take a look at this impressive piece from National Affairs on how public sector unions have skewed the market with monopoly pricing power for government labor. As the Reverend Wright tells us, "the chickens are coming home to roost:"
What you say? But CW, you are a pensioner, you too are on the government dole. Indeed I am. And I've written elsewhere (on that Navy blog that few of you ever read) that my ridiculously low annual medical insurance premium ($256) is a crime and should be raised, and that the military should begin to offer "lump sum" retirement payoffs to those interested in deferring benefits until later in life (something I most assuredly would have done).
There are solutions to these problems, but we have to be serious about them and not afraid to sacrifice sacred cows.