Here Comes the Pain: Detroit To “Significantly Cut Vested Pensions” For Retirees

Mac Slavo

During the summer of 2011, as Ben Bernanke and his mainstream propaganda arm convinced Americans that green shoots were cropping up all over the nation, warnings of the coming destruction of America’s pension funds had begun to emerge.

Government employees may currently enjoy higher salaries and benefits than the private sector, but they have been given a false sense of security. 

Whether you are a police officer, fireman, school teacher, or utility worker, you could have serious problems down the road. 

Chances are that every major metropolitan area in the country is heavily in the red. This means that the jobs and retirement futures of millions of people are under threat. 

[The only] option will be for ex-Federal governments to start reducing benefits and firing workers.

Just two years on we’re seeing the warnings manifest in the real world.