Here we go again, another unable to think tank has stated were all going to go to hell in a hand basket because of the unfunded government pensions. Or is it underfunded government pension. This hold especially true for city and state pensions.
Now ladies and gentlemen if this being true sell all your stocks in insurance companies especially the ones who have annuities. Well the reason I say that because aren't annuities based on the same bonds and stocks as the pensions are? Of cause the governments can always raise taxes. Wouldn't that send businesses away. The workers would leave. I guess all the jobs in California have left for no tax states.
Now this same institute in Manhattan claims that New York Housing Authority is three Billion in the in the red for repairs. That selling off airspace is a good idea.
The Housing Authority has a billion dollars in the bank, and repairs are not being made.
New York has one of the nations best public housing if not the best. Why would you mess with the formula.
I remember when the middle class would move if they thought a housing project was going up in their area, now the city wants to place expensive housing in the middle of the projects. People think the acceptance of gay marriage was a big deal.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment