Thinking Right’s weekend free-for-all. Pick a topic:
● Atlanta Mayor Kasim Reed and a dozen members of City Council deserve the highest praise for promptly confronting a malady that could bankrupt the city. They made a change in the city’s pensions affecting new hires that seems insignificant, but could be the difference between solvency and bankruptcy. It lowered a key multiplier in a formula based on pay and service. The change will save big bucks long-term. The real worry-point for Atlanta taxpayers, though, comes 10-15 years down the road when the new hires gain critical mass and start demanding “fairness” and “equality” in their pension plan. That’s when weak and ignorant politicians buckle.
● Cobb officials delude themselves in believing that employees given a permanent financial incentive to retire are saving taxpayers money. Transferring them from one cost-center to another, while rehiring them at lesser pay, creates paper savings for taxpayers. Real savings would be