Sentences with phrase «massive pension debt»

Massive pension debt crowds out other education funding, and in some cities, has forced reductions in crucial, basic public services, or caused large tax increases.

Tied to the teaching workforce is massive pension debt: Collectively, teacher pension debt accounts for $ 500 billion of all state pension debt.

Not exact matches

But to the extent that it ignores the finger Lincoln points at the Civil War — to the extent that it forgets the decimation of a generation of young Americans at the beginnings of manhood; to the extent that it forgets the windrows of corpses at Shiloh, the odor of death in the Wilderness, the walking skeletons of Andersonville, 623,000 dead all told, not to mention the interminable list of those crippled, orphaned, and widowed whose pensions became the single largest bill paid by the federal government for the following half - century; to the extent that it ignores how the war cost the United States $ 6.6 billion, rocketed the national debt from $ 65 million to $ 2.7 billion, retarded commodity growth for the next thirty years, and devalued its currency — then the call for reparations opens itself up to a charge of willful forgetfulness so massive that resentment, anger, and bitterness, rather than justice, will (I fear) be its real legacy.

However, voters are fed up with the union's attempts to keep a failing public education system from being reformed and having massive debt foisted on them in the form of public employee pensions.

They are billions in debt and massive underfunding of pensions.