Just finished reading While America Aged by Roger Lowenstein. While this book can sometime drag with large numbers of details about various players in past pension negotiations I can still highly recommend this book.
If you think the failures of large American car companies are an isolated incident then this is a must read. Mr Lowenstein describes how these events repeated with the New York Subways and the City of San Diego. Unfortunately for all of us this paints a sad future for most governments and of course the biggest pension system of all Social Security. The last chapter hints at some easy ways to help prevent this but those methods are easy just difficult in our political climate to make happen. He mentions the push to Government supported healthcare as well as an attempt by President Bush to stop borrowing against Social Security. Of course both these measures have never achieved support.
A good informative read that I can highly recommend.
