I thought when companies and cities or states set up retirements they invested the money so they could get a return on the money. I didn’t think they would just pay for everything out of taxes and hope for the best. What were they thinking? Sure wasn’t sound advice. Not even a good scam either unless you were the mob steeling money from the unions like in some movie. So what were all these cities thinking of when they made all these promises, that growth would go on forever? Maybe back in the 50’s it looked that way but now we know uncontrolled growth isn’t good. What gets me is all these so called leader couldn’t figure this out years ago. Maybe it time to dig up some past names and splash mud on them.
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