@kimmaicutler pensions are an important, moral obligation to workers.
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@DavidCMurphy we have higher city revenue than we would otherwise have, a lower deficit than we would otherwise have. - 6 more replies
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@amrgeddon if you read the passage in the book, these negotiations used to happen more publicly, accountably.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@amrgeddon as in, you'd need to clearly raise taxes to pay for more services or benefits. Now we just kick the can down the road w debt.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@amrgeddon it's pretty sad. Who gets student debt? Us! Who gets insanely expensive housing? Us! Who gets no retirement security? Us!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@amrgeddon yes. It is. That was the point!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler City Building fees and taxes up 10,000% since 85. Results in housing costs skyrocketing. Most going to fund unfunded pensions -
@jcf527 do you have data on this? source? - 1 more reply
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@amrgeddon@kimmaicutler mostly the latter, although the Investment Management industry has done a ton of harm inflating return expectationsThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler Every City In CA facing. Private sector who lost most in pensions and savings now paying for Public Sector who were GuaranteeThanks. Twitter will use this to make your timeline better. UndoUndo
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