Washington Post Whacks Readers Over the Head With REALLY BIG NUMBER to Advance Agenda on Cutting Pension Benefits

The Post's lead editorial on Detroit's bankruptcy highlighted the role of pensions in the city's finances. It warned readers that the problem of large unfunded pensions is common, telling readers:

"A new survey by scholars at Boston College finds that state and local pension plans have $3.8 trillion in unfunded liabilities, even assuming strong rates of return."

Got that? $3.8 TRILLION in unfunded liabilities! Let's see, I've $26.43 in my pockets, how does that compare? [See correction note -...