Sense on Cents

Love him or hate him, New York City Mayor Michael Bloomberg may be a lot of things but one thing he is not is a dope.

With his final days in office as the mayor of our largest city a mere few months away, he issued a statement yesterday that put the voters of NYC and the media on guard as to the most critical issue facing NYC and, for that fact, many other cities as well. What issue is this? Pension costs and the impact of those upon future generations in light of corruption, mismanagement, and special interests occupying far too much space in our political process.

The Bloomberg Manifesto — my description — provides compelling advice not only for the voters of New York City but to residents of most cities, states, and towns across our nation. Over and above that, his message can be adapted to our personal situations, as well, in terms of properly preparing for our own future needs.

His statement is a little lengthy but provides a healthy serving of sense on cents. I strongly recommend.  (more…)