Sigh. Not that I expected the Times to adjust its coverage of the NY City pensions situation. But…can’t the reporters at least acknowledge that the serious fiscal situation cities and states are in come in large part from the shredding of a progressive taxation system, i.e., that the rich and corporations pay so little in taxes that the rest of us are left to bear the burden–and, then, of course cities face shortfalls.
If you’re interested, you can read the next installment in the two-part series which details deals made between some unions, the governor and the legislature that have enhanced pension benefits.

