> “Most states have grossly mismanaged their bloated pension systems ...”
And now they want a magic COVID bailout.
The public sector unions have brought this on themselves and they won’t accept responsibility because they are irresponsible to begin with and can be nothing but irresponsible.
I remember an acquaintance’s divorced spouse getting a job as a special education teacher and after 5 years of that applied to be a principal at a public school making close to six figures. Then retired after another 5 years at 90% of salary. WTH? And this was all ‘normal’ business.
I’m not insensitive but all the public sector retirees can downsize and make do on Social Security.
I agree 100%.