The Phaserl


Detroit’s Public Pension Trustees Undergo “Continuing Education” in Hawaii While the City Burns

Patriotism is supporting your country all the time, and your government when it deserves it. – Mark Twain

by Michael Krieger, Liberty Blitzkrieg:

Everyone knows the sad state of affairs that has befallen the city of Detroit over the past generation or so, with the finishing touches put on during the financial crisis as a result of punitive swaps sold by Wall Street and incredible corruption throughout the bureaucratic class.  However, rest assured that doesn’t stop the city’s public pension fund trustees from spending $22,000 in retirement system funds on a “continuing education” trip to a four-star resort in Hawaii.

We’ve seen this argument before.  I covered it late last year when I wrote a piece about how law lawmakers and lobbyists took extravagant trips together to Hawaii, Brazil, China, Australia and New Zealand. The one common defense put forward with regard to these boondoggles is that they need to learn information in order to “do a better job.”  If that’s the case and these trips are so effective, I have a question.  Why are things so screwed up?

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