Tweet
Why are the government officials in Alabama so much smarter than the officials in California and especially Los Angeles?
"When Prichard, Alabama ran out of pension money in 2009, it simply stopped sending checks to its 150 retired workers, even though the town was breaking a state law that requires municipalities to pay in full. This is not a normal situation, but it is a reminder that pension obligations can reach a point where cash-strapped cities are faced with a nightmarish choice: Do they continue to pay retirees or do they continue to provide basic services, like police and fire?"
In Alabama when they run out of money, they stop issuing checks except for the highest priorities. In Los Angeles, Mayor Phony Tony blames it all on "low" taxes and continues to spend like a fraud.
At some point the LA checks will bounce.
Maybe the Alabama officials could come to California to show us how honest government operates. Phony Tony should be a cellmate of Bernie Madoff, not attending parties with the elite.
More...
"When Prichard, Alabama ran out of pension money in 2009, it simply stopped sending checks to its 150 retired workers, even though the town was breaking a state law that requires municipalities to pay in full. This is not a normal situation, but it is a reminder that pension obligations can reach a point where cash-strapped cities are faced with a nightmarish choice: Do they continue to pay retirees or do they continue to provide basic services, like police and fire?"
In Alabama when they run out of money, they stop issuing checks except for the highest priorities. In Los Angeles, Mayor Phony Tony blames it all on "low" taxes and continues to spend like a fraud.
At some point the LA checks will bounce.
Maybe the Alabama officials could come to California to show us how honest government operates. Phony Tony should be a cellmate of Bernie Madoff, not attending parties with the elite.
More...