Categorized | General Interest

Pension Cuts Rumbling Gets Louder

   This is an example of what we will see in louder tones in the coming year (this in today’s Wall St. Journal):

Cities across the nation are raising property taxes, largely citing rising pension and health-care costs for their employees and retirees.

In Pennsylvania, the township of Upper Moreland is bumping up property taxes for residents by 13.6% in 2011. Next door the city of Philadelphia this year increased the tax 9.9%. In New York, Saratoga Springs will collect 4.4% more in property taxes in 2011; Troy will increase taxes by 1.9%.

   The traditional media and politicians are setting the stage for a wide assault on retirees and pensions, using the divide-and-conquer strategy: pit people against each other.

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