Let me tell you about denial in Worc...............finacial denial..........this city and others are so upside down with future benefits due to retirees for pension, health ins., & accumulated sick leave.....that is beyond pitiable.
Problem is that all municipalities are in teh same boat so they all think it's OK. If everyone that you know is upside down on their home, then you are less likely to worry about being upside down on your own home. It's the misery loves company thingie.......not unlike the Reverend Jim Jones and his clan of Pumpkin-heads.
Receivership will soon be the only option..........maybe even starting with Calif and then NYC. Factoid: 72% of either the cops or firemen or both in NYC retire on disabilty pension.
Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
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Freakonomics Radio Network’s 2022 Staff Picks
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To celebrate a wonderful year of production on all of the shows in our
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Please Visit Me Elsewhere!
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Hi Reader,
I've stopped posting to this blog and have deleted most of the old posts,
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Sprout has closed.
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4 comments:
It's too late for Springfield.
What does that say about Worcester, when Springfield realizes the problem and we do not??
Well... I'd have to guess that *denial* is a very powerful force in our city. It's a force that should never be underestimated.
Let me tell you about denial in Worc...............finacial denial..........this city and others are so upside down with future benefits due to retirees for pension, health ins., & accumulated sick leave.....that is beyond pitiable.
Problem is that all municipalities are in teh same boat so they all think it's OK. If everyone that you know is upside down on their home, then you are less likely to worry about being upside down on your own home. It's the misery loves company thingie.......not unlike the Reverend Jim Jones and his clan of Pumpkin-heads.
Receivership will soon be the only option..........maybe even starting with Calif and then NYC. Factoid: 72% of either the cops or firemen or both in NYC retire on disabilty pension.
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