Skip to comments.Is "Porkulus", Disability Claims, and Meredith Whitney's Muni Bond call related?
Posted on 07/09/2012 10:02:04 AM PDT by taildragger
Last week we find out Disability Claims equal employment numbers in terms of increase.
In the Stimulus, a great deal of the money went to Obama's constituencies i.e Muni-based Unions, Police, Fire and Teachers to keep them afloat as revenues declined locally and to maybe further the federal roll in that area.
At approx. the same time Meredith Whitney was on a screed about the coming Muni-Bond potential default problem.
With that as a backdrop, many here are aware of phenomenon of certain Muni jobs where the Disabilty payments just before retiring are greater that retiring healthy.
So, are some of these Muni workers taking advantage of that and getting out before true downsizing occurs if we get a change in administrations and less cost sharing if spending truly is reduced? Are they the source id these Disability Claims? Maybe at the Federal Level as well?
I look forward to your replies and potential flaws in my analysis.
I’ve thought for a while that there has been a “quiet” initiative to relax disability claim standards so as to keep unemployment numbers down.
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