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HomeCalifornia 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…)
