Teachers and public service employees, watch out. Change *is* coming!
As evident in cities like Vallejo, CA, which recently declared bankruptcy, government at all levels may well have to revisit the concept of pensions-for-life.
After completing a 36 month lease ($500 per month) on a dandy new BMW 330i, would you expect to continue paying $450 every month for its upkeep until it is auctioned to the junkyard years later?
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