Academic

UH OH: Underfunded Public Pensions as ?Stranded? Costs? Two Trillion Dollars? ?One question ab?

By Glenn Reynolds

UH OH: Underfunded Public Pensions as ?Stranded? Costs? Two Trillion Dollars? “One question about these obligations is whether taxpayers will stick around to pay them, or instead will vote with their feet. . . . Many of these pension obligations have been incurred by municipalities and others by states, and in some cases the obligations are intertwined. But what happens if voters-taxpayers move out? The assumption has long been that taxpayers are stuck, on account of jobs and other circumstance. But query whether that is necessarily true as the baby boom generation retires.”

Full post as published by Instapundit.com on January 05, 2010 (boomark / email).