Yep, the private sector has reduced its financial pain by kicking as many people as possible out of pension plans at it can. Now, it appears that public sector will get its turn, albeit through different methods.
Take, for example, Illinois, where state lawmakers reduced workers' contributions to pensions and at the same time cut their benefits in a 30-year plan to erase a $100 billion retirement-account deficit.
And in Detroit, a judge signed off a plan to cut pensions as part of the solution to the largest and ugliest municipal bankruptcy in the history of this wonderful country. That determination is a gut punch to thousands of retirees who believed in their state's constitution.
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