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A comment on The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy. Parent comment

Re:The Pension Hole for U.S. Cities and States Is the Size o... by betterunix2 on Monday July 30, 2018 @06:45PM (#17648865)
It makes no difference, because the promise was already made and now you have to choose between (a) destroying your government's credit rating or (b) making good on the promise. Complain all you want, but that's just the situation we find ourselves in.
[ Parent | on HN ]
Re:The Pension Hole for U.S. Cities and States Is the Size o... by randysavage on Monday July 30, 2018 @10:38PM (#17650115)
In the short term, sure. In the longer term, when increased taxes and decreased services impact the average person, these promises will be renegotiated.
[ Parent | on HN ]