“Rhode Island State Treasuer Raimondo along with…Rahm Emmanuel, was the rare Democrat who “got it” on pensions. Members of the party of progressivism above all should understand that, when costs rise at a rate above revenues, pensions undermine the promise of activistic government. You can still tax, but you can’t spend as much on what you want.”

via Rhode Island pension settlement sets discouraging precedent | Public Sector Inc.