RANT: Why do we have “public pensions”?

http://www.nypost.com/seven/03212009/postopinion/opedcolumnists/invitation_to_a_scam_160540.htm

INVITATION TO A SCAM
HOW TO SAFEGUARD NY PENSIONS
By NICOLE GELINAS
Last updated: 2:15 am
March 21, 2009

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ATTORNEY General Andrew Cuomo has alleged vast corruption in the massive taxpayer-guaranteed state pension fund, bringing criminal charges against political consultant Hank Morris and the fund’s former chief investment officer, David Loglisci.

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The more important question is WHY do we have “public pensions”?

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