(Reuters) - New York state lawmakers approved pension reform that will save an estimated $80 billion over 30 years, largely by reducing benefits for newly hired state and local public workers, which union officials Thursday blasted as an attack on the middle class.
This is called capitalism.
http://www.reuters.com/article/2012/03/15/us-newyork-pensions-idUSBRE82E0OF20120315?feedType=RSS&feedName=domesticNews