This chart is from a report on Baltimore's Ten-Year Fiscal
Forecast, prepared by Public Financial Management, Inc. It was commissioned by the mayor of Baltimore. It speaks for itself.
What we mean when we refer to pension and healthcare costs as "unsustainable," in one chart
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TrackBack URL: http://www.publicsectorinc.com/cgi-bin/mt/mt-tb.cgi/1238
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I'm going to use that in my Public Budgeting classes. Killer. I have any number of students who think there's an easy way out of the problems Michigan cities have, even Detroit. Maybe this will open a few eyes. Probably not, though.
Figures this is government hired work. The chart is of the growth in these categories, that's not clear from the chart.
Yeah, I agree with Steve Adams. We know that the relative size of the numbers are of the same scale, and the problem is real. But, the chart could have looked the same if Revenues were $18Trillion, and Pensions were $5.89. Obviously not put together by anyone with any Science or Engineering in their background. Probably an economist.