Judge Rhodes has wisely recognized that Wall Street banks should not be rewarded for their role driving Detroit’s downward financial spiral, nor should their interests be prioritized over Detroit’s police officers, firefighters, and thousands of other public workers.
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A series of new documents exposed by the Guardian yesterday revealed how the right-wing is coordinating efforts to decimate the middle class, including a large-scale effort to gut public pensions across the country.
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Tomorrow, Pew Charitable Trusts is headed back to Jacksonville to propose a so-called “solution” to Jacksonville’s pension problems – shifting the city into a private 401(k)-style or cash-balance plan that will rob Jacksonville’s police officers and firefighters of their retirement …
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In the bankruptcy, the modest pensions of Detroit’s firefighters, police officers, and other city employees could be all but wiped out, even as Wall Street banks continue to extract hundreds millions of dollars from thecity’s economy.
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As states consider eliminating their defined benefit pension plans and transitioning to 401(k)-type plans, Paul Krugman’s words strike a chord
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Pew Center on the States has been a central figure in the nationwide plot to eliminate states’ pension plans, but they are running into one small problem: their own polling data shows that “the American public is powerfully rejecting the …
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