Pensions
Here’s a good addendum to my post, yesterday, about progressives’ response to discipline policies in charter schools: Those who oppose school choice are also limiting the options for teachers. They’re only about control. They want to make sure teachers can’t get out of the pension system, and they want to make sure children can’t get…
John DePetro and Justin Katz point out the hidden motives of RI politicians and activists and their works.
John DePetro and Justin Katz dig into important developments that the RI mainstream doesn’t want to address.
John DePetro and Justin Katz explore the increasingly disconnected behavior of RI’s political elite.
A handful of very active people who don’t understand how a policy works can do a great deal of damage, which is an outcome we should be discouraging rather than encouraging.
They just know that imposing a bond is a more-sure way of saddling taxpayers with the payoff to their labor union allies. (Actually, most don’t know much on either front. They just go along because they’ve bought into the baseline propaganda that progressives are always on the side of goodness.)
If we had a healthy civic culture, wherein citizens had been adequately educated in the appropriate use of government power, it would be the stuff of scandal, rather than political bragging, that Rhode Island General Treasurer Seth Magaziner is abusing his authority over state investment funds for purposes of political activism. As he touts on…
I keep seeing these headlines about RI General Treasurer Seth Magaziner announcing record highs for the pension fund, but shouldn’t that always be the case? Unless the workforce is shrinking, even keeping up with inflation should produce record highs. It seems to me mainly an indication that we have too many people in PR in government.
In another must-read column for the Cranston Herald, Steven Frias applies his historian’s rigor to the step-by-step details of how Woonsocket’s experience with a pension obligation bond (which I mentioned a few weeks ago) managed to make its preexisting pension-fund disaster even worse while giving the two essential elements for a pension obligation bond to…
Not only are pension bonds a bad idea in principle, but Rhode Island has a sharp recent case study for reference. Yet, Dan McGowan reports for the Boston Globe that Providence “Mayor Jorge Elorza’s administration is planning to ask state lawmakers to allow the city to borrow hundreds of millions of dollars through a pension obligation bond,” avoiding…
