Tuesday, May 31, 2011

Public Union Outrage of the Day

Fun stuff! Today's installment of the rapacity and insanity of our public sector unions comes from my very own backyard. Yonkers, NY police sergeant William Rinaldi hauled in $300,000 total compensation in 2010. The local paper filed a Freedom of Information Law request, which enabled them to discover that Rinaldi may be the all-time master of pension padding, racking up $130K in overtime pay in his final year in order to juice his retirement haul. This is nutty on its own terms, but the story has an extra dose of outrage given Yonkers's ongoing fiscal woes and the clear degradation of quality of life they have caused. I've ceased being outraged at this crap; instead I'm planning. I'm accumulating wealth in tax deferred mechanisms and I will be long gone out of the state when New York goes bankrupt and all of these cops, firemen and teachers wonder where their pension checks are going to come from.

One note that maybe interests (astounds) only me...Yonkers's budget is $919 million dollars! That's very close to $1 billion, which is a TON of money. Yonkers is very small (196,000 people) and it is a dump. Where does a billion dollars go??? Maybe to a small army of William Rinaldis.

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