The Worst Proposed Solution To Pension Problems

Last week I mentioned a NY Times article about problems with underfunded public pensions.  The Times did a follow up article/discussion with a variety of “experts” proposing ways to fix this difficult problem.  There is no magic bullet, but it’s still terrifying to hear Alicia Munnell, “a former member of the Council of Economic Advisors,”  suggest:

“The only real option is to wait for the market and the economy to recover.”
Gulp. * Shaking my head slowly with my lips pursed *  She didn’t really say that, did she?  I’m not going to even do it… Nope… You expect me to, but I’m not going to…  OK – I can’t resist:
PONZIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
-KD

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