Raiding Pensions for Short-Term Spending
Delaying pension contributions may ease immediate pressure on New York City’s budget, but the shell game reveals deeper weaknesses in the city’s finances.
Delaying pension contributions may ease immediate pressure on New York City’s budget, but the shell game reveals deeper weaknesses in the city’s finances.
As the media, through their newsrooms and reporters, refuse to do their jobs and report balanced news, we are reliant on contributing writers to ferret out the honesty of what is happening.
What is it with these people? If it was their own money, would they squander it so?
On the face of it, MSD has no empathy for Covid fraudsters but no end of empathy for beneficiary fraudsters. So much for a neutral public service.
Oh, for the good old days when Australia was government debt-free.
The point here isn’t to argue whether Jeff Bezos should or shouldn’t pay more tax. The point is that Congress’s approach is entirely wrong. They should instead invest their energy into ensuring maximum productivity… which ultimately means fewer regulations, and in general staying out of the way.
This is the opposite of what they should be doing. And instead of figuring out how to live within their means, they just demand more resources… even though it never works. Britain tried its 98 per cent tax experiment in the 1970s and spent a decade regretting it.
The use of alternative payment methods during periods of conflict is not new. But the direction is becoming clearer. When trust erodes, systems do not collapse overnight, they morph and adapt. Quietly at first and then all at once.
Luxon campaigned on eliminating “wasteful spending”. While this specific funding may not technically fit that strict definition, many would argue its justification. Given this precedent, how long before this benevolence prompts other marae to submit similar claims?
Lazy, grifting public servants are about to pay themselves even more.
Then acts shocked it attracted organised crime. A dodgy darts economy.
International visitors contributed $861 million to the South Island economy, supporting tourism operators, hospitality businesses, and the wider regional economy.
What is missing is transparent accountability. A system where states raise what they spend would encourage competition in efficiency, innovation, and value.