And we're talking about this...
The mistake that municipal workers and their unions are making today is failing to learn from this debacle. As great as defined-benefit pensions sound, they are only as secure as the finances and political will of the future. (Keith Noughton, P-G)
Given this bloke is a former Republican consultant, what do you say to the reasoning?
It's not as though this idea is wholly unfamiliar. And it's not as though the City of Pittsburgh's recent value-injection and the recently roaring stock market provide any semblance of sustainability.