If Canadian public sector pensions were run by US Congress…

October 03, 2013 Tom Murray

deficit Pensions us government Canada us congress

The shutdown of the US government shows what can happen when a government literally run out of taxpayers’ money and can’t spend any more. It set me wondering just how acceptable Canadians would find it, if the same principle was applied to public sector pensions. I.e. once they run out of money, the public sector would have to stop paying out, instead of being able to just rely on taxpayers to bail them out.
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