Public Pension Payments as a budget balancer

Libertarian Mackinaw Center has a new study that says if Michigan brought ALL state employee pensions to the average of private sector pensions that the state would save $5 Billion.

They say even if their study is 50% off on what the average is the state would still save $2.5 Billion and the state would not have to make one cut in next years budget. They say the state should still make cuts but they could be more strategic in the cuts if they reduce public pension payments.