Stealing Pensions: THE WEALTHY are out for your RETIREMENT money.

Consider the math of state budgets. According to Pew's estimates, "The gap between states' assets and their obligations for public sector retirement benefits (is) $1.38 trillion" over 30 years. As the Center for Economic and Policy Research notes, this gap was not caused by benefit increases, as conservatives suggest. Data prove that most of it was caused by the stock market decline that accompanied the 2008 financial collapse.  CEPR points out, in most states the shortfall "is less than 0.2 percent of projected gross state product over the next 30 years."

State and local governments, then, aren't bankrupt. Indeed, contrary to pension-cutters' assertions, they are so flush with cash that they spend a combined $120 billion a year on corporate handouts -- almost three times the total pension gap.

http://www.alternet.org/economy/there-vast-oligarch-conspiracy-afoot-destroy-retirement-plans-millions?akid=11030.294211.ZwDjRM&rd=1&src=newsletter908474&t=7