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Obligation. No Money. No Way Out. YOU Solve This
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The nightmare that all states are to varying degrees facing as we move forward is what to do about public employee pensions. The states just don't have the money to pay out the benefits under the very, very generous contracts doled out in the past. The retirees want their money and are suing to preserve it. So... who pays for that? The rest of us, who don't have pensions like that? (New York Times)
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