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View Diary: The political underbelly of the pensions crisis: What broke the system, and how do we fix it? (84 comments)

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  •  The unions were willing to hide the expense (0+ / 0-)

    In many cases (not, e.g., New Jersey; I remember the objections, but Detroit and California), unions were willing to lowball pension funding to make contract sizes look smaller. What this diary points out is how the result is riskier investing. That was probably a bad idea.

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