I believe the saying is, you've made your bed now lie in it.
Government pensions need to die. Almost the entire private sector has moved to the 401k model. There is no reason government can't do the same. After all it is OUR money, it can be put to better use.
Public worker pensions are the single biggest drain on budgets nationwide. Politicians pander to unions in order to get elected and pass the bill down to future generations.
Now, as I've said before, since we're already using fiat currency to pay off Covid-related debt, I can understand helping cities and states pay off shortfalls related to that. As for paying off debt that existed before the crisis, they can smooch my taint.
Which is why some governors moved to abolish public unions. Of course that is a huge voting block for Dems. No surprize they come out strongly against it.
I like your idea. If cities/states can itemize COVID debt, that seems like a good middleground to start with.
Send us a bill and we'll see what we'll cover.
Unfunded pension liability? Nope.
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