NYS: State Legislature wants to borrow from Pension Fund to pay Pension Contribution

[Cowlesy]

hahaha, the brilliance of the New York State Legislature. They want to borrow $6 billion from the Public Pension Fund, to make a contribution to the Public Pension Fund. The alternative is they go to the market to borrow the money to make the Public Pension Fund contribution.

What a complete and utter joke this all is.

http://www.nypost.com/p/news/local/dinapoli_to_ny_legislature_hands_s5pZG0eV9AwQXc1Rm EqM2J

[Stary Hickory]

Jesus, borrowing from yourself to pay yourself...BRILLIANT! Government solutions are so much fun.

[Kotin]

I tried that once.. didnt help.


lol but seriously wtf are these people?? the morons abound(in the NYC state legislator)