It does depend. Cities that founded pensions on sound policies, meaning NOT “republican” ones, aren’t doing bad. Most pension funds crashed because of DE-regulation of the markets where they invested the funds-score another because of “Republican policies”. Tax reductions demanded by “Reaganomics” applied at local levels- another massive shovel scoop from the pit. Never mind, facts don’t count.
It does depend. Cities that founded pensions on sound policies, meaning NOT “republican” ones, aren’t doing bad. Most pension funds crashed because of DE-regulation of the markets where they invested the funds-score another because of “Republican policies”. Tax reductions demanded by “Reaganomics” applied at local levels- another massive shovel scoop from the pit. Never mind, facts don’t count.