Thursday, July 14, 2011

Cities being eaten alive!

Among the various government entities in the St. Louis metro area, many are grappling with difficult financial issues such as underfunded pensions. St. Louis city, for example, is doing some juggling to handle its fire pension payments. Although these are difficult issues and these are difficult times, our government entities have done a better job of avoiding these problems than have others. As an area with strong German roots, we should enjoy a degree of schadenfreude from the mostly self-inflicted pain of certain "cities being eaten alive by public sector workers."