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Book Review: While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom As the Next Financial Crisis
The Washington Post; subscription may be required
[Opinion] June 15, 2008
Excerpt: Boiling it down to its essence on the book's final page, he concludes, 'The most effective remedy -- in pensions, health care, and even in Social Security -- is to banish the credit card. Benefits should not be charged to a future generation; they should be paid for now.'
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