The Pension Mess

While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego and Loom as the Next Financial Crisis
Roger Lowenstein

When events in Madison and other mid-western capitals were exploding earlier this year the rhetoric grew hot and heavy. Since the issue revolved around people’s livelihoods the emotional investment was not unexpected. But emotional storms aren’t the best way to understand the enormity of some situations let alone work towards solutions. For that you need a bald-faced look at the facts. Thankfully Roger Lowenstein has provided just that.

Lowenstein previously penned a biography of Warren Buffet and the best book on the Long Term Capital Management meltdown. Continue reading