After July first, nineteen hundred forty, membership in any pension or retirement system of the state or of a civil division thereof shall be a contractual relationship, the benefits of which shall not be diminished or impaired. (New. Adopted by Constitutional Convention of 1938 and approved by vote of the people November 8, 1938.) TheContinue reading “Don’t Worry, Public Employee Pensions are Guaranteed and Safe”
Tag Archives: economy
From October 29th, 1929 to April 4th, 2025: Are We Repeating the Past?
On Tuesday October 29th, 1929, commonly called Black Tuesday, the stock market tumbled, and continued to tumble. President Hoover said, just a glitch, markets go up and down, the “Roaring Twenties” will roar back. As the market continued to slide Hoover saw sharply increasing tariffs as a remedy, reversing the sliding economy the Smoot-Hawley tariffs,Continue reading “From October 29th, 1929 to April 4th, 2025: Are We Repeating the Past?”
Ed in the Apple: Blogging on the Intersection of Education and Politics Title 