4 ms·
The states can find other things to cut than middle class benefits.
by LockeWatts 14y ago
The states can find other things to cut than middle class benefits.
- rayiner 14y agoLike what? E.g. in Chicago, the infrastructure is crumbling so that teachers can get paid far more than they would earn in the private sector given their qualifications, meanwhile getting 13 weeks off each year.
- rdl 14y agoIt's entirely possible for a state to have reasonable policy w.r.t. current and future expenses given a certain tax base, then lose that tax base and get stuck with unsupportable obligations. If NYC became Detroit over a period of 10 years, just pension liabilities would destroy it going forward.