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Posts Tagged ‘public pension gaps’

California Dreamin’ … Now a Pension Nightmare

Posted by Larry Doyle on April 22nd, 2013 8:01 AM |

“California’s the place you gotta be . . .  swimmin’ pools . . . movie stars…”

The hillbillies profiled in a favorite show from my youth presented plenty of comic material. Regrettably, there is now little that is funny about the state of California’s fiscal quandary or that of many other states that have allowed  — if not promoted — the rackets run in and throughout the state, cities, and towns to crush the dreams of hard working taxpayers saddled with enormous burdens.

While California may have the largest problem (it is not even close), current research exposes the worst states in terms of funding their pensions: Connecticut, Illinois, Kentucky, and Rhode Island.

What states are actually displaying a high degree of fiscal propriety in terms of funding their pensions?  (more…)

California Pension Payouts Increase 73% in 2 Years

Posted by Larry Doyle on June 21st, 2012 8:54 AM |

How does one define a “racket?”

Well, in a takeoff of a similar question regarding pornography, I am not sure exactly how I might define a “racket” but I believe I would know one when I see it.

So, where should we look to see a racket at work? California and specifically the public pension system in the Golden State. A few weeks back I highlighted what I believe will be “civil wars” over public pension reforms in our country.

A primary battleground on this front will be the hard left-leaning people’s republic on our left coast. Is there any real surprise that California finds itself in such a fiscal mess? Not really.

How bad is the situation in California? (more…)






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