There’s no other word for this but madness. Via SF Weekly: “Infinite” is not a word you expect to find in a report on municipal spending. It’s more of a science fiction–type term — Tremble, Earthling, before the infinite might of Galaxor! But there it was, in a recent report on San Francisco‘s finances: Spending on the […]
Posts Tagged ‘pensions’
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The Public Pension Monster
Posted by Tom Lindmark on August 28th, 2010
If you missed it, there’s a good opinion piece in the WSJ Friday edition by Arnold Schwarzenegger. It focuses on the California public pension dilemma (catastrophe?). He’s talking his side of the controversy but it’s worth a read. What struck me were two graphs that accompanied the piece. Here they are: Focusing on the second […]
Some Contrarian Ideas
Posted by Tom Lindmark on June 20th, 2009
Liam Halligan has a bit of an iconoclastic piece in the Telegraph today. In it he takes on fiscal stimulus and regulatory reform. I find myself agreeing with some of his points and on the fence with regard to some others. Quantitative Easing This column has long-argued the Western world’s policy reaction to “sub-prime” has […]
