Pandemic of pension woes is plaguing the nation

Pandemic of pension woes is plaguing the nation: ""Sadly, [Detroit] is not the only municipality in trouble," Glenn Hubbard, economist, Columbia University Graduate School of Business dean and Mitt Romney campaign adviser, told CNBC's "Squawk Box" on Monday. "A lot of state and local governments have too much debt, too generous public pensions. We need a national conversation on how to fix this.""