Looming public pension crisis undercuts optimism on economy | WashingtonExaminer.com: "Emanuel's efforts to trim the 3 percent annual pension increase for teachers? Put off until next year. And so the problem continues to build. The irony here is that ones most likely to suffer are the same people Democrats see themselves as defending: public employees, who may see their pensions cut when funding runs dry, and people dependent on public services, who may see those cut as state and local governments scramble to cover pension costs."
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