... The current state pension levels in this country are unsustainable and with it all states have an impending budget crunch that can only be remediated with higher taxes. ...
Just pointing out the obvious, but there are actually three different possibilities, not just one. Higher taxes, lower spending, and maintaining the status quo until the system fails. This is not the place to debate which of these should be chosen, nor even to predict which will be chosen. We've already been chastised for this once. If you'd like to discuss the matter, I'd be happy to via PM, but let's leave it off the board.