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Shared sacrifice needed in pension crisis

AUGUST 21, 2018 | by Connie Mack IV | THE MORROW COUNTY SENTINEL (OHIO)

“Some have proposed a straight government-funded bailout, similar to what Wall Street interests received in 2007-2008. According to the Committee for a Responsible Federal Budget, any solution resulting in no benefit cuts would likely cost in excess of $100 billion. A bailout of this type is simply the wrong approach. … No, any solution will require a combination of shared sacrifice, full protections for the American taxpayer, and good faith negotiations by members of both parties.”

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