Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/load.php on line 651

Notice: Trying to access array offset on value of type bool in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/theme.php on line 2241

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Warning: Cannot modify header information - headers already sent by (output started at /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/load.php:651) in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/feed-rss2.php on line 8
Wendy Schiller – RI Future http://www.rifuture.org Progressive News, Opinion, and Analysis Sat, 29 Oct 2016 16:03:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.25 The sudden need to defend Raimondo’s pension plan is intriguing http://www.rifuture.org/the-sudden-need-to-defend-raimondos-pension-plan-is-intriguing/ http://www.rifuture.org/the-sudden-need-to-defend-raimondos-pension-plan-is-intriguing/#comments Sun, 13 Mar 2016 18:00:42 +0000 http://www.rifuture.org/?p=60236

mcnamara
Joseph McNamara

Prominent public figures are appearing on taxpayer-funded television to shape the discourse about the pension heist after the media has been flooded with information from reputable sources that question the need for Raimondo’s intervention. It’s no surprise that Michael Riley and Brown University’s Wendy Schiller, along with Edward Achorn, are defending these efforts, they are neo-liberals, but Democratic Party Chair Joseph McNamara should be seriously interrogated for this: he is supporting the impoverishment of senior citizens while the Governor seemingly profits off the shady and not-so-blind trust that the pension is invested in.

Riley does provide some useful commentary. He emphasizes that the pension is invested in a bunch of junk commodities that are going to cause trouble down the road. What he does not mention is that the pension will not return to viability in the future because of the outrageous fees being billed to the pension fund by the hedge fund managers.

kaGh5_patreon_name_and_message

]]>
http://www.rifuture.org/the-sudden-need-to-defend-raimondos-pension-plan-is-intriguing/feed/ 10