Rollback Pension Increases News Today

Setting sights on tax hikes to make up the difference. and now, from the "wall street journal" our reporter will break it down. let me see if i have the map right, the pool of money which the pensions are supposed to be paid is $1.26 trillion short. and the way to make up the money is tax increase? >>guest: illinois has again so far, they are 50 percent in the hole, only covering 50 percent of their obligations and they have borrowed $7 billion to try to make up for the pension deficit. and othe...