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George F. Will on the Governmental Pension Plan Time Bomb
The Washington Post; subscription may be required Link to more items from this source
Sept. 12, 2008
Excerpt: Vallejo [California] is an ominous portent for other cities, and some states, few of which are accumulating financial resources sufficient to fulfill pension promises they have made to employees. Are you weary of the crisis du jour -- subprime mortgages and all that? Get a head start on worrying about the next debacle by reading Roger Lowenstein's new book, 'While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis.'

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