The State of Public Pension Plans
Cash-strapped state governments are seeking ways to shrink enormous budget deficits. Many are targeting public employee retirement plans and collective bargaining rights in efforts to cut expenditures. All of this is playing out in highly charged political environments. Some see it as a battle between public employees and taxpayers. Yesterday Democrats in Indiana left the state rather than vote on Republican-backed legislation to weaken unions. Grass-roots protests that began in Wisconsin have spread to other states. We'll talk about proposals aimed at addressing concerns with public employee retirement systems and the politics behind them.
Republican U.S. congressman representing California's 21st Congressional District.
Democratic state senator, Wisconsin's 4th Senate District.
vice president of the Economic Policy Institute.
economics reporter, The Wall Street Journal.
resident scholar, American Enterprise Institute.