We've been hearing a lot about how public employees are not contributing enough to their pension funds, which is putting state governments on the way to budget crises.  Hence, the recent spate of efforts to strip them of their collective bargaining rights.  Here is a report from the estimable Dean Baker that rips that story to shreds (warning:  pdf).  Surprise, surprise, the shortfall is due to the bankster-caused stock market meltdown, and is already shrinking due to the recent market rebound.