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“We can't default on pensions that people paid into for decades, that people earned. That's part of the compensation they agreed to when they were hired. We need to stop borrowing from pension funds for other projects and start fully-funding them, as per our agreements. We've been robbing Peter to pay Paul; that's why we have such a shortfall.”
From a Democrat in Crystal Lake, IL
In reponse to: Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts?