There is one thing Trump can do : veto any federal bailout when the jurisdictions backing those lavish pensions go bust.
SauronOfMordor wrote: “There is one thing Trump can do : veto any federal bailout when the jurisdictions backing those lavish pensions go bust.”
I can’t agree. I can’t see any rationale for federal bailouts for any state, local, or city jurisdictions.
BTW, that’s one of the reasons so many state, local, and city administrations are fighting legislation that would allow them to declare bankruptcy. If bankruptcy is an option, then these lavish pensions will have to be renegotiated. If bankruptcy is not an option, then they can hope for federal bailouts.
Funny thing is these jurisdictions can find money to pay for lawyers for illegals but not to fund their pension plans.