Thursday, December 05, 2013
"A Hard Lesson from Motown: They Will Steal Your Pension"
As far as financial security, politicians/elected officials have NOT served us well.
As the author implies, this is likely just the tip of the iceberg...
As the author implies, this is likely just the tip of the iceberg...
At www.Newsweek.com, David Cay Johnston digs into this terrible story in his well-written posting:
"According to Government Accountability Office research, public employees across America may be cheated out of almost a trillion dollars, nearly half the benefits they have already earned, but not yet collected.
Private-sector workers are at risk of losing almost as much, about $840 billion, although at the moment Congress guarantees a portion of company pensions so actual losses could be much smaller."
