"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Economic Plunder in Recent History
Submitted by Persona non grata on Mon, 2012-12-31 01:00
In the mid 1990s Republican New Jersey Governor Christine Todd Whitman re-directed contributions from the pension fund for state employees to the state general account while giving tax cuts to wealthy state residents. By purposely under-funding the pension plan Ms. Whitman was able to ‘balance’ the state budget while cutting taxes. And through pension accounting loopholes, the move provided the illusion the pension plan was adequately funded as massive deficits accrued.
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
It just never, ever stops, does it?7 weeks 5 days ago
-
Professor Young, you’ve provided a rather objective observat...9 weeks 5 days ago
-
Good.11 weeks 1 hour ago
-
This is really getting out of control now.13 weeks 5 days ago
-
Sorry to hear that. I haven't been in touch with anyone...13 weeks 6 days ago
-
Evidently, either Ian Freeman (Barnard) and/or Pete Eyre won...13 weeks 6 days ago
-
https://everything-voluntary.com/carl-watner-rest-in-peace-1...14 weeks 2 days ago
-
The one and only time I ever spoke with him "in person...14 weeks 2 days ago
-
A really good, succinct one.14 weeks 4 days ago
-
This is awesome. :-)15 weeks 2 days ago
more