Thursday, September 11, 2008

Pension Time Bomb - washingtonpost.com

Pension Time Bomb
"Mayor Osby Davis, who has lived in this waterfront city across San Pablo Bay from San Francisco for 60 of his 62 years, says: 'If you have a can that's leaking two ounces a minute and you put an ounce a minute in it, it's going to get empty.' He is describing his city's coffers."

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