Retirements: the party line versus the truth

The NY Times, using the typical clever wording we've become so accustomed to, has a front page story today entitled: "In Budget Crisis, States Take Aim at Pension Costs" By Mary Williams Walsh

The story lead says "Many states, acknowledging that they have promised pensions they cannot afford, are reining in benefits — even for people yet to be hired."

If you read the story, it goes on and on about cuts states are making and the hard times ahead. The gist is that *we* have a big problem because states can't afford our retirements.

Nowhere, as we've come to expect from one of the propaganda machine's largest speakers, the so-called "paper of record" is any mention of the fact that the people we trusted with our retirements found a way to squander our money for their wars and the Wall Street heist.


Bill