Here are the gory details. Best excerpt:
"It takes a better economist than me to understand how reducing contributions by that much is going to protect benefits and put the system on a sounder footing," said Jeremy I. Bulow, an economist at Stanford University.
That’s actually funny, since there are no demonstrably better economists than Jeremy Bulow.
On the other hand, pension reform is a deck chairs on the Titanic exercise.
It is very obvious the business lobbyists have had their way with Congress regarding pension reform. This bill is loaded with pork for business. This sausage making process has a very rotten odor to it.
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