I didn’t expect, for a moment, that Gov. Deval Patrick would bring anything resembling tax relief to Massachusetts. He never really promised to, anyway. If you listened to what he said during his campaign, it was that if the income tax was reduced to 5 percent after 18 years of a “temporary” surtax, then property [...]
Archive for the 'Pension Tidal Wave' Category
Big Brother Deval
Posted in Pension Tidal Wave, State issues, Taylor Armerding, Uncategorized on Feb 10th, 2009 Comments
Massachusetts is not the only state where the benefits that come with public pensions are such that people will go to any lengths in order to make themselves eligible for one or, if already eligible, increase their length of service.
The Washington Times ran this editorial Sunday focusing on abuses in New Jersey and Wisconsin.
It’s a spending problem
Posted in Local politics, Nelson Benton, Pension Tidal Wave, Uncategorized on Nov 25th, 2007 Comments
The latest issue of MassINC’s CommonWealth magazine has a good article on the fiscal perils facing Bay State communities. Residents of Salem, Gloucester and Lawrence, all of which are dealing with significant deficits these days, might want to take note.
Unfortunately author Gabrielle Gurley devotes too much space to municipal leaders’ whining about how they need [...]
Where can I get a deal like that? Part 3
Posted in Ken Johnson, Pension Tidal Wave on Aug 9th, 2007 Comments
In response to a previous post on pensions, Shawn D. of Quincy said:
Ken,
While it seems that a lot of time and effort went into the pension series, you guys missed a few very important points. Key to this whole discussion should be the fact that public employees, hired after July 1994, are funding their entire [...]
Bill Mugford of Middleton called this morning to offer his thoughts on the recent Eagle-Tribune series on public pensions. He’s viewed the situation from both sides — as a member of the town’s board of selectmen and an employee of its highway department.
He commended the papers for exposing the greed and exploitation that beset the [...]
Where can I get a deal like that? Part 2
Posted in Ken Johnson, Pension Tidal Wave on Aug 6th, 2007 Comments
Thanks to all those who commented on posts related to our Pension Tidal Wave series. Here are some responses to those who raised questions in a previous post…
Scott questions the fairness of denying Social Security to those who worked in the private sector before taking a public job. It seems to me this is based [...]
For years the joke was a staple whenever politicians gathered, whether at the old Commodore in Beverly for St. Patrick’s Day or at one of those “times” held to raise money for an influential member of the House or Senate.
So-and-so was leaving his state or city job to enter “the dreaded private sector.”
Now we’re learning [...]
Where can I get a deal like that?
Posted in Ken Johnson, Pension Tidal Wave on Aug 2nd, 2007 Comments
There’s so much information in the Pension Tidal Wave series that it’s difficult to take in all at once. So let’s look at just one little piece from today’s installment.
According to the Public Employee Retirement Administration, the median pension for state police officers who retired in 2006 is $62,943. Their median retirement age is 55 [...]
In response to the first installment of our series “Pension Tidal Wave” come the predictable round of critics who say that before we call attention to the lavish, unaffordable benefits granted to public employees, we must give regular, front-page coverage to the fact that the war in Iraq could cost as much as $1 trillion.
It’s [...]
The cost of government giveaways in the Bay State is coming home to roost as the “Pension Tidal Wave” series beginning today in the Eagle-Tribune newspapers demonstrates. Read series here
Cities and towns, with the encouragement of the Legislature, are providing their employees with far more in terms of retirement benefits, health insurance, and early retirement [...]
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