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
having 11 bosses who are not on the same page about anything, as well as
suggestion...
An Economics Professor Visits the National Parks
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This is a blob post from an economics professor at the University of
Rochester, who spent the summer with some students in Kentucky and comments
on visitin...
Congratulations to Nobel Laureate Richard Thaler!
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It should surprise no one, and delight everyone, that Richard Thaler has
won this year’s Nobel in economics. Congratulations! Thaler is a big reason
I pe...
SKEWED vs. SEX
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SEX in skirts. SEX in hair. SEX surely shivers in ice cubes and swims
through Kahlua, but I never could find it.
When I was in 8th grade, a teacher showed...
Sprout has closed.
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I just want to confirm what many of you know, it is with deep sadness and
regret that we have closed Sprout. Cathy's cancer has returned and it is no
longe...
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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