US Public Sector Unions' Descent Into Chaos

Nationwide, state and local government pension plans are suffering a $1 to $3 trillion dollar underfunding. State governments are sinking, in large part due to impossible commitments to public sector unions.

Until now, no one has been courageous enough to point out the impossibility of meeting the exponentially rising taxpayer commitments to public sector union warchests. Until now. Both taxpayers and a few governors and legislators are waking up to this harsh reality.

But unions and their minions are not waking up. Quite the opposite. They are descending into incomprehensible chaos. As if the threat of violence could possibly change the fiscal facts. Only criminals and fools take that tack in the face of the dark budgetary winds that are blowing.