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And how to rein them in

And there are a just a few honest politicians willing to say that, bill. >> i wouldn't eliminate all pensions or disturb the ones that have been earned but i agree with the other panelists here, that we need more transparency. so let's freeze the old style hidden cost pension and put in place a new 401(k) style pension where you see the dollars going in, let those dollars which may be very large for a teacher or firefighter, let those dollars be very visible to the workers earning them and let them be very visible to the taxpayers paying for them. >> it's beyond transparency. it's called cooki...