I’m noticing from the chart that it really started to drop when the rats took over congress. Hmmmnnnn....
Perhaps the real reason why public-sector pension costs have not been tackled is that the full bill has never been revealed to taxpayers.
http://www.economist.com/opinion/displaystory.cfm?story_id=13988606
From The Economist print edition
July 9, 2009
EDITORIAL
Dodging the bill
The great public-sector pension rip-off
It is time to recognise the full costs
of public-sector pension schemes to the rest of us