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Battle Looms Over Huge Costs of Public Pensions

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Margaret Bassett

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By RON LIEBER
Published: August 6, 2010
State and local governments promised their retirees at least $1 trillion more in benefits than they have in their pension plans, leading to battles over who should pay to fill the gap.

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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.