Instead, he plans on adding to state debt with pension obligation bonds–essentially borrowing money to gamble in the stock market while hoping for a good return.
CF’s Nate Benefield talks with WAEB's Bobby Gunther about Gov. Wolf’s misguided borrowing plans.
Nate explains how pension obligation bonds have a terrible trackrecord. Even Pittsburgh’s Democratic Mayor Bill Peduto has publicly criticized Gov. Wolf’s plan to use pension obligation bonds, saying his city should be the litmus test that proves pension bonds are not a solution.
Gov. Wolf should listen to his constituents who want long-term solutions, not historic tax increases.
Click here or listen below to hear more.
Bobby Gunther is on WAEB News Radio weekdays from 5 a.m. to 10 a.m.