Wednesday, December 18, 2013

Bloomberg, Plutocrat to the End

Bloomberg Sounds Alarm Over 'Labor-Electoral Complex' in Final Speech as Mayor
Let me shorten that for you, Mike:

This city could not afford another year with a billionaire mayor.  Organized labor is the last bulwark against modern day feudalism.
Over the past 12 years, the mayor said, the city's pension costs have soared from $1.5 billion to $8.2 billion--a nearly 500 percent increase--siphoning off $7 billion he argued could have been used to fund for more affordable housing, classrooms or tax cuts. And while many other cities require municipal employees to chip in for at least part of their health care costs, he said the city's unions have remained frustratingly stubborn.

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