OPINION: More Taxes and Tuition Buy Time for the Pension Bubble

Students at University of California schools may soon be faced with tuition increases, but the cause of these increases may stem from an unsustainable pension system and even larger issues related to financial markets, writes Ed Ring in UnionWatch.  Policies such as zero percent interest rates, deficit spending and the government’s printing of massive amounts of money have created a false illusion of wealth while discouraging savings and investments that would benefit the economy over the long term, Ring argues.