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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (492962)6/28/2012 12:33:18 AM
From: DMaA1 Recommendation  Read Replies (1) of 793844
 
This is not an anomaly. Cities across the nation cannot afford the retirement benefits promised to their retired employees. And the people who made the promises and didn't fund them are long gone. And many of these irresponsible bastards actually have statues in their towns to their memories.

What a freaking mess. What can you do for the retirees? Hand over the keys to the bankrupt city? You can't raise real estate taxes. People are abandoning their houses who can't afford to pay their taxes now.

Cities are falling into decay because every dime that comes in goes to retiree benefits.
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