Michigan Lawmaker Pensions Face Big Shortfall

Michigan’s pension plan for former lawmakers is running a serious shortfall, raising fresh questions about generous public benefits that taxpayers ultimately help underwrite. The problem underscores how government perks can outlive the officials who earned them, while ordinary citizens are left dealing with the bill. In an era of fiscal strain, this kind of pension math is exactly why voters are skeptical of elite carve-outs and budget gimmicks. Read more about this...