Will Washington autocrats end up bailing out pensions (public and private) too?
Many of us have never seen a pension.
(From Of Two Minds)
We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues.
Cash-strapped taxpayers, many of whom may have lost their jobs, will be in no mood to absorb enormous tax increases to fund insiders, cronies and vested interests.