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"What we have here is failure to communicate..." Let's look at the cast from the circus...Rosemary Booth Gallogly, from House fiscal advisor to...STATE DIRECTOR OF REVENUE??? Obviously assumed the position of see no, speak no, hear no evil at any hearings before the House Finance Committee for about, 10 years, when Auditor General Almonte warned about the coming storm called UNFUNDED PENSION LIABILITIES.

The best questions of the night were from the audience and Merolla, Solomon, and Laducier.

In summarizing Mr. Newton's "observations based on assumptions"...We have a figure that will continue to climb over the next twenty years to fill the hole in Pension I as part of city's contribution...We have an insanely optimistic anticipated rate of return of 7.5%...We are losing population, losing taxable property around the airport, Met Life leaving is the tip of the iceberg, but folks are called CRAZY for questioning authority, in this case elected officials, is that about it? REALLY? So, who exactly is crazy expecting the thinking public who understand numbers to buy this hogwash? Detroit, Stockton, CA guess what...they were too big to fail...

From: Mayor argues to hold course on pension plan

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