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Financial News / All Markets ..
(Total Views: 456)
Posted On: 01/14/2017 11:58:56 AM
Post# of 116
Posted By: ThunderBolt
Where's The Outrage?

"So where’s the liberal outrage with a story like the pension swindle in El Monte, California? This is about a dying town, with a per capita income of $10,316 and a quarter of its population below the poverty line, that is paying a pension to one of its retired (at the age of 58) city managers of more than $250,000 per year. Adjusted for inflation. With medical for him and his wife. And survivorship benefits. And to which he contributed nothing.

Or another retired city manager who collects $216,000 per year, allowing him to “take some things off his bucket list” such as golfing at the Old Course at St Andrews. And it looks like the public is paying for more than just green fees. His retirement came shortly after he was swept up in an anti-prostitution sting operation."

See complete article ....

http://www.zerohedge.com/news/2017-01-13/wheres-outrage

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