Ted Dabrowski: “We need a pension constitutional amendment” – Wirepoints on WGN Radio

Wirepoints President Ted Dabrowski appeared on the Steve Bertrand Show on WGN Radio to talk with guest host Erik Runge about the census and pension reform.

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JimBob
5 years ago

Outside of natural disasters like the volcanic eruption that destroyed Pompeii, Dr. Rankin notes, the abandonment of a city tends not to happen all at once. It’s more like a natural progression as people slowly ebb out of an urban environment that stops meeting their needs.
What Doomed a Sprawling City Near St. Louis 1,000 Years Ago? – The New York Times (nytimes.com)

Fred
5 years ago

.The hurdles to pension reform are virtually insurmountable. Legislature and then the courts will stop it from happening and the voters who remain (by and large) have never understood the problem. Federal bailouts will forestall inevitable insolvency. Unless federal law changes, the “state” won’t approve municipal bankruptcy. In fact the state could well assume local pension debt because federal law does not permit state bankruptcy. I suppose futility is no reason not to keep trying for pension reform but I suspect the proponents will gradually become discouraged and demoralized. The trajectory is that it will get worse before it gets… Read more »

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