Is Treasury Secretary Geithner's move to stop making payments into Federal pension plans a smart move or dumb?
It re-inforces the idea that Democrats believe pension obligations are ... flexible, ex negotio, even if there is a "promise" to catch-up later.
On the heels of the ill-advised Social Security "tax holiday", it's bad politics.
Monday, May 16, 2011
Welshing on Pension Obligations
