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Borrowing from Peter to Pay Paul

Stephanie A. Miner, the Mayor of Syracuse NY, has an important op-ed essay in The NY Times Thursday. Syracuse is one of hundreds of cities around the state and tens of thousands around the country that are struggling with the potentially disastrous effects of out-of-control pension costs. Where this crisis is heading can be seen…Read more Borrowing from Peter to Pay Paul Posted on 15 February 2013 | 10:23 am

The Pension Crisis in Cities

The Pew Center on the States issued a study this week that sheds further light on our municipal pension problems, a political crisis with strong Arendtian overones. Where most studies have focused on the enormous problems faced by states, this one focuses on cities: Cities employing nearly half of U.S. municipal workers saw their pension…Read more The Pension Crisis in Cities Posted on 17 January 2013 | 2:21 pm