Comments on: Washington’s misguided pension panic Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: ARJTurgot2 Sat, 10 Dec 2011 02:28:08 +0000 There is less money to investment management companies from public pension funds and social security than there is from 401K/IRA plans. Structurally, individuals are much better off in a collaborative plan which can stay fully invested in the market forever, but the management fees are better for individual plans. As to the rest, find me any time or place in history when at least some government officials could not be bought and sold.

As markets become increasingly efficient, as the margins earned by management companies become increasingly compressed, expect the desperation to dismember public plans to increase.

When the golden cake is not passed around anymore, it is very hard to scrape crumbs from it, and a great many people on Wall Street and Washington cannot see themselves eating bread.