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Kamenetz pension plan makes sense
In her column, Marta Mossburg ("Kamenetz's risky bet," Sept. 26) asks, "Would you borrow money to pay off your mortgage and instead risk it in the market?" (I assume that she actually means "borrow money and increase your mortgage, risking the proceeds in the stock market.") She then uses the answer to attack Baltimore County Executive Kevin Kamentz's proposal to sell bonds and to use the proceeds to invest in assets that will be placed in the county pension fund. The attack is unfounded because Ms. Mossburg doesn't seem to understand the difference an individual faces when making an investment decision and the calculus that governmental entities make.
September 30, 2012