|
The Cincinnati Beacon
Flashback: Smitherman’s Warning about the Retirement System
Monday, September 24, 2007
Posted by The Dean of Cincinnati
On June 30, 2006, we featured the following video with Christopher Smitherman, warning about an upcoming disaster concerning the retirement system. His projected dates may have been off, but given the recent developments regarding the retirement system, it seems time to revisit his warnings! (Smitherman was even interviewed for this article in the New York Times by Mary Williams Walsh.) We must face the potential problems with the system if we are going to support the retirees in any real way.
One must wonder if driving the City to bankruptcy is part of a plan to establish a regional government like they did in Indianapolis—so we can force all the poor people out of the region for massive 3CDC-like redevelopment.
|