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	<title>Comments on: How Pension Plans Beguiled Us</title>
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	<item>
		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2013/mark-hendrickson/how-defined-benefit-pension-plans-beguiled-us/comment-page-1/#comment-5266570</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Wed, 28 Aug 2013 04:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=201867#comment-5266570</guid>
		<description><![CDATA[&quot;Why are governments exempt from economic reality?&quot;



Look over to your left.]]></description>
		<content:encoded><![CDATA[<p>&#8220;Why are governments exempt from economic reality?&#8221;</p>
<p>Look over to your left.</p>
]]></content:encoded>
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	<item>
		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2013/mark-hendrickson/how-defined-benefit-pension-plans-beguiled-us/comment-page-1/#comment-5266569</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Wed, 28 Aug 2013 04:58:00 +0000</pubDate>
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		<description><![CDATA[&quot;In other words, they totally winged it...&quot;





Socialism destroys because it makes promises it can&#039;t keep. And then blames lack of regulations.]]></description>
		<content:encoded><![CDATA[<p>&#8220;In other words, they totally winged it&#8230;&#8221;</p>
<p>Socialism destroys because it makes promises it can&#8217;t keep. And then blames lack of regulations.</p>
]]></content:encoded>
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	<item>
		<title>By: crossbow87</title>
		<link>http://www.frontpagemag.com/2013/mark-hendrickson/how-defined-benefit-pension-plans-beguiled-us/comment-page-1/#comment-5265709</link>
		<dc:creator><![CDATA[crossbow87]]></dc:creator>
		<pubDate>Mon, 26 Aug 2013 15:29:00 +0000</pubDate>
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		<description><![CDATA[Well, if we can get a Republican to say they will end gubment pensions....I would certainly vote for that one.]]></description>
		<content:encoded><![CDATA[<p>Well, if we can get a Republican to say they will end gubment pensions&#8230;.I would certainly vote for that one.</p>
]]></content:encoded>
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	<item>
		<title>By: sheepdog</title>
		<link>http://www.frontpagemag.com/2013/mark-hendrickson/how-defined-benefit-pension-plans-beguiled-us/comment-page-1/#comment-5265591</link>
		<dc:creator><![CDATA[sheepdog]]></dc:creator>
		<pubDate>Mon, 26 Aug 2013 10:45:00 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=201867#comment-5265591</guid>
		<description><![CDATA[I know of know one in the private sector that has a pension of any kind. Years ago companies dumped their pensions and switched to 401(k)&#039;s to show their intent of providing a pension, while not really doing so. Markets change, and companies adapt. Ok, today I am responsible for my own retirement (as it should be).



Why are governments exempt from economic reality? Government pensions of any kind are a fraud similar to social security. I never understood why government employees are deemed to be worthy of better benefits than the private sector.



Time for a change: take whatever funds are in the pensions, and allocate them to the participants prorata based on years of service. Then shut the pensions down. Now the individuals got something for their years of service, and they can roll the monies in to an IRA.


States, cities and school districts that do this will have a brighter future for having faced reality today.]]></description>
		<content:encoded><![CDATA[<p>I know of know one in the private sector that has a pension of any kind. Years ago companies dumped their pensions and switched to 401(k)&#8217;s to show their intent of providing a pension, while not really doing so. Markets change, and companies adapt. Ok, today I am responsible for my own retirement (as it should be).</p>
<p>Why are governments exempt from economic reality? Government pensions of any kind are a fraud similar to social security. I never understood why government employees are deemed to be worthy of better benefits than the private sector.</p>
<p>Time for a change: take whatever funds are in the pensions, and allocate them to the participants prorata based on years of service. Then shut the pensions down. Now the individuals got something for their years of service, and they can roll the monies in to an IRA.</p>
<p>States, cities and school districts that do this will have a brighter future for having faced reality today.</p>
]]></content:encoded>
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