THE TRUTH: 'Borrowing' Healthcare Funds a Gamble with Retirees' Futures

To help solve the city's budget crunch, at least three Memphis City Council members propose borrowing $20 million from a fund meant to guarantee retired city workers' healthcare.

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missy22 - 6/6/2012 7:33 PM

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I just wish folks were as concerned about my retirement and healthcare as they seem to be for public employees. Not that I consider anyone else to be responsible for those things. Cities, counties, states all over this country are being bankrupted by these legacy costs. Bankruptcy and elimination of retiree obligations might be the only answer, at some point.

SteveTapp - 6/5/2012 9:53 PM

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So convert as many as possible as soon as possible to Social Security and Medicare, and offer only group purchasing of health insurance, not subsidies for it. See how many leave when you can't get a job anywhere. NONE.