My good friend, Yolanda Hudson, a retired science teacher from the Detroit Public School System, recently reached out to me about the public pension crisis in Detroit. As the city climbs out of its financial crisis, pensions are being used in a political shell game.
Yolanda and I coauthored an opinion editorial to the Detroit News, noting that Detroit’s public pension problems are indicative of a national epidemic. We highlighted, “Gambling with hardworking Americans’ nest eggs to advance a political agenda is a poorly conceived way to generate financial returns. It’s easy for agenda-driven politicians to play hardball with other people’s money. It’s another story entirely for the folks whose retirement is on the line, especially when the evidence suggests divestment has no real strategic advantages for the political objectives it aims to achieve.”
Read our entire opinion editorial here.