[nj_pilot]

a government would borrow money at a lower rate, then inject it into the pension fund hoping for near double-digit investment returns or better. It's called arbitrage.

Um, no... "hoping" is not part of any arbitrage. This is called a "punt" with borrowed money. It's an arbitrage if you can borrow at lower rates as a muni issuer and invest in top-quality bonds that yield more.

It's called sound fiscal management if you spend less than you take in. So, Mr. Mayor, how bout some belt tightening?

[CyberAnt]

I say - KILL THE DAMN PENSION!!

Believe me .. the only pension should be a 401K - much safer - and a whole lot cheaper for the city.

[John Jorsett]

Sanders keeps talking about issuing bonds when the city can't even get fiscal audits for 2003-2005. How's he plan to get authorization to sell bonds with no valid financial data?

[Uncle Hal]

Why not reduce the pensions?