Some claim that the recent fire shows that market forces shouldnotbetrusted to provide fire services, but a government owned and operated the fire department.
This is surprising given that, especially since the 2008 taxpayer bail-out of Wall Street, the nation is more aware than ever that professional money managers, including those which manage pensions, shouldnotbe blindly trusted.
"In 2010 they were given hope of permanent relief from expansion - they trusted the word of those who gave that promise and it shouldnotbe broken, " he said.
My point is simply that any policy discussion should recognize the very important role that employers play as trusted sponsors of the plan, and be careful not to throw out the baby with the bathwater.