Pension Problem: Pittsburgh Mayor Faces New Tests If He Wins Re-Election
November 21st, 2009 | by BGuzzardi |
New York Times notices Pittsburgh’s Pension Problems which are a microcosm of Philadelphia’s Pension Problems, the School District’s Pension Problems, and Pennsylvania’s even more massive Pension Problems. We do not live in an insulated bubble, here, in the southeast, and like the Titanic Iceberg, the Pension Iceberg is there to be seen and only hubris will cause us to ignore the financial catastrophe. The Mayor of Pittsburgh is not yet thirty years old! But older and more experienced people put him in this position, not the least of which are the intransigent government unions who have driven up the cost of government to a point that The Forgotten Taxpayer cannot afford.