Detroit’s Pension Madness. Between 1985 and 2008, pension trustees handed out roughly $1 billion in annual holiday “bonuses” to workers, retirees and the City of Detroit. “Had they been invested, one estimate says those funds would be worth almost $2 billion today – or more than half the current shortfall…” Yeah, but Detroit broke because raaaaacism.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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