07/28/2014
https://congress.gov...
"I believe the effects would be larger on the small business end than they would be for individuals working for other employers."
"I don't believe I have said that public pensions are the cause of the problems."
"What happens in most States is the legislature will set the discount rate that they want to use for the pension."
"The fiscal crisis at the State and local level has many causes. The proximate cause is the significant economic recession, from which the U.S. economy still struggles to recover."