OT – Mayoral Address – Is Sanders going to call for Bankruptcy?

[j]

I just saw that Mayor Sanders is having a televised mayoral address Tuesday at 6:30. Is he going to call for the city to file for bankruptcy?

The city operations manager just said that the budget is broken only 3 months in, and changes need to be made now. Plus the pension plan, which was already in trouble, must have been rocked by the market over the last two weeks.

I always said that the city would declare bankruptcy after the election, but I guess Sanders does not like the council members running for reelection. Too bad Sanders got reelected.

[jficquette]

Government employees shouldn’t get pensions. Let them buy into a 401k if they want to save. Why should they get anything private sector employees don’t generally get?

[jficquette]

Government employees shouldn’t get pensions. Let them buy into a 401k if they want to save. Why should they get anything private sector employees don’t generally get?

[jficquette]

Government employees shouldn’t get pensions. Let them buy into a 401k if they want to save. Why should they get anything private sector employees don’t generally get?

[jficquette]

Government employees shouldn’t get pensions. Let them buy into a 401k if they want to save. Why should they get anything private sector employees don’t generally get?

[jficquette]

Government employees shouldn’t get pensions. Let them buy into a 401k if they want to save. Why should they get anything private sector employees don’t generally get?

[pedrocon]

their base incomes tend to be lower.

[pedrocon]

their base incomes tend to be lower.

[pedrocon]

their base incomes tend to be lower.

[pedrocon]

their base incomes tend to be lower.

[pedrocon]

their base incomes tend to be lower.

[EconProf]

Fair comparisons would not show their base incomes to be lower, on average. That is a shibboleth pushed by the public employee unions.
The best evidence is the voluntary turnover rate in private vs. public employment. How many teachers, police & fire personnel, prison guards & secretaries quit to join the private sector? Not many, because the package of pay, security, fringe benefits, and retirement are now relatively attractive.

[EconProf]

Fair comparisons would not show their base incomes to be lower, on average. That is a shibboleth pushed by the public employee unions.
The best evidence is the voluntary turnover rate in private vs. public employment. How many teachers, police & fire personnel, prison guards & secretaries quit to join the private sector? Not many, because the package of pay, security, fringe benefits, and retirement are now relatively attractive.

[EconProf]

Fair comparisons would not show their base incomes to be lower, on average. That is a shibboleth pushed by the public employee unions.
The best evidence is the voluntary turnover rate in private vs. public employment. How many teachers, police & fire personnel, prison guards & secretaries quit to join the private sector? Not many, because the package of pay, security, fringe benefits, and retirement are now relatively attractive.

[EconProf]

Fair comparisons would not show their base incomes to be lower, on average. That is a shibboleth pushed by the public employee unions.
The best evidence is the voluntary turnover rate in private vs. public employment. How many teachers, police & fire personnel, prison guards & secretaries quit to join the private sector? Not many, because the package of pay, security, fringe benefits, and retirement are now relatively attractive.

[Author]

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