Public Sector Unions / Pensions

HFNY

The collusion between politicians and government (public sector unions) is odious and is a growing problem in Seattle. Why don't muni bond lenders go on strike? Why is muni bond income tax free anyway?

marketwatch.com/story/these-lurking-debts-may-turn-us-cities-states-into-greece-2015-06-30

PurpleJ

If we keep emulating Detroit we can get a hockey and basketball team.

Cougzz

Chicago, not Seattle, is the next Detroit. The Chicago Board of Education will lead the way to poverty. Seattle has a way to go, but a darn good head start.

sarktastic

Good luck getting new bond financed investments.

HFNY

Or if they do convince someone to lend to them, they'll have to pay a hefty risk premium.

sarktastic said:

Good luck getting new bond financed investments.

HuskyInAZ

HFNY said:

Or if they do convince someone to lend to them, they'll have to pay a hefty risk premium.

....with money they don't have....

HFNY

Yeah I wonder how municipal bond funds will do if the market has a correction soon...probably not well.

HuskyInAZ said:

HFNY said:

Or if they do convince someone to lend to them, they'll have to pay a hefty risk premium.

....with money they don't have....

greenblood

PurpleJ said:

If we keep emulating Detroit we can get a hockey and basketball team.

Who knows....then possibly a professional baseball team