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Wednesday, March 16, 2011

Amid Furor Over State Pensions, Congress Gets Much Bigger Ones

Some members of Congress haven't been shy about criticizing underfunded state and local pension plans, even though they themselves enjoy much heftier retirement packages than most private-sector employees and state workers do.

Budget battles in New Jersey, Illinois, Wisconsin and Ohio have captured headlines of late as lawmakers struggle over how to pay retirement benefits for state and local government workers. Some Washington lawmakers have added fuel to the flaming national debate.

In a recent speech to South Carolina Republicans, for example, Rep. Michele Bachmann, R-Minn., said "we've got to get real about what we can and cannot afford" in state pensions.

From the other pole of debate, Ohio Democratic Sen. Sherrod Brown linked opponents of public sector unions to Nazi Germany.

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