Fixing the Economy

At least if you're a public employee whose pension fund has been chronically short, there's help on the way.
Stolen shamelessly from insty:

Colo. public employee pension fund plunges $10B. "Colorado PERA had been hoping that investment gains would help resolve its long-term underfunding problem." I'll bet they had. Hope is not a plan.

UPDATE: Taxpayers To Fund Public Pension Shortfalls. "While most people have watched their 401K values drop with the stock market over the past several weeks, taxpayers may have spend millions more propping up pensions paid to county and state retirees." I don't think that will play well, politically.

Now if your 401(k) has taken a hit recently, you know there's a way to fix it: Steal the shortage from the taxpayers.

There was a strip in the old comic "Pogo" in which the characters were playing Russians during the Khrushchev years. That would be the 50s for you kids. One of the characters cites a Russian proverb to the other:"The shortages will be divided among the peasants!"

I guess that's true here, too.