Don’t dismiss the city’s pension bond idea out of hand – Opinion – Crain’s

Comment: Surprise, surprise. Ralph Martire of the public union backed CTBA is quite fond of the idea of running up another $10 billion of debt to be used to shore up public pensions. And note that he wants to make sure that's in addition to the new ramp up in scheduled pension contributions, for which the city has still offered no plan source of money.
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nixit
7 years ago

Ralph has certainly kicked it into high gear recently. If issuing bonds and investing the proceeds in the stock market is such a great idea, why not also issue bonds to cover retiree health care, which is currently pay-as-you-go?

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