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US Pensions Begin To Get Foreign Attention

Walter Russell Mead notices:

Americans should avoid any feelings of smug superiority about the problems in Europe’s periphery. It’s time for the U.S. to be worried about its own peripheries, according to the Financial Times…, [in a] report about underfunded pensions and state and local debt in the same terms it has used for Greece and Portugal.

Makes me wish the Colorado legislature had taken PERA as seriously this week, when it had the chance.  Again.

Posted in Economics, Politics.

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