Quote:
Originally Posted by Dan02
That's a fight that's been a long time coming but no government is willing to fight it. Look at the states, in some areas the public sector pensions are literally bankrupting the local and state governments.
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I know. I've been following it. It is the worst thing going right now, it is the single greatest drain on public resources that exists at this moment and when the time comes its going to fail and drag us all along with it. Its already happened a couple of times in the US.
Someone has to sack up and fix it. Immediately if not sooner.
The public service sector is important and valuable and I think in Canada it is fantastic, but those pensions have to go. Can you imagine what our Education and Health Care systems would be like if vast amounts of their funding didnt get sloshed into an egregiously under-funded pension system as opposed to being applied to front-line operating expenses? It would be amazing.