By Tom Davis, includes “…But we also must address an existential threat to state and local government budgets: the fiscally unsustainable public-employee pension system. … Why a seven-year phase-in? Because politicians hope that, if money is taken out of peoples’ pockets in increments instead of all at once, they’ll be less likely to notice it. Politicians are big believers in the parable of the boiling frog.”
Read the full article on: The State