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Public Employee Pensions in Hot Spotlight

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One reason public employee unions spent so much money on the this year's campaigns was to prevent state legislators from looking to state and local pension systems as places to cut. Having failed to help their candidates win in a number of big states--Ohio, Michigan, Wisconsin, Florida, etc.--the union leaders probably will realize their fears come budgetary sessions in January.

Even in solid blue states like California, Illinois and Massachusetts, the prevailing Democrats themselves are going to face alternatives of cuts to services or cuts to the growth of pensions and salaries. In Illinois, where Gov. Quinn, a Democrat who won a narrow election to a full term advocating tax increases, the issue of pensions will prove daunting once the public sees their sacrifices increasing in order that state employees don't have to sacrifice.

Today the Christian Science Monitor editorialized in favor of pension cuts. "Few politicians, even Democrats backed by the public-worker unions," declares the Monitor, "could afford not to propose reforms for these retirement benefits that are often abused, underfunded, and usually far more generous than those in private business."

The Monitor is a kind of canary in mine shaft of media opinion, so watch for more public pressure on pension costs once the alternatives become clearer. You won't wait long.

(Photo courtesy of The Guardian)

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