economic development

Posted: July 22, 2014
By: Clay Cerny

 

Investigative reporter David Sirota has a new home at International Business Times. Today he reports on a trend in city and state government: cut worker pensions while giving aid to billionaires who own sports franchises. Sirota quotes the Emergency Manager [Dictator] Kevyn Orr who calls money put toward the stadium “economic development.” Orr did not address how a reduction in pensions would hurt the economy. Somebody has to sacrifice. It might as well be working people. Their used to doing with less. Billionaires need our help.