Alarm Bells Sound For Out-of-Control State Pensions » Publications » Family Security Matters: "Yesterday’s Morning Bell from the Heritage Foundation paints a gloomy picture of what will likely be the number one issue in American politics in 2011; pensions for members of public employee unions.
Hamtramck, Michigan, is running out of money. City Manager William Cooper tells The New York Times: “We can make it until March 1—maybe.” And Hamtramck is not alone. According to the Times, 15 municipalities have pursued bankruptcy in the past two years. And if the economy does not improve revenues, many other local governments will be in the same boat."
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