As posted to the John Stossel YouTube Channel on 10/21/18

Run time (6:41)

State and local governments face a $5 trillion dollar unfunded pension liability. In other words, politicians promised workers $5 trillion in retirement benefits, but government doesn’t have the money.

So far, neither politicians nor the unions are willing to accept this. John Stossel warns: one day, no matter what the promise, we simply won’t be able to keep it.

John Stossel is an American consumer television personality, author, and pundit, reflecting a libertarian political philosophy and view on economics which are largely supportive of the free market.