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The pension crisis in a nutshell.
"This year, San Luis Obispo County will spend five times as much on pensions as it does prosecuting criminals.
San Mateo County will spend more to fund its pension plan than it does on public works.
And Fresno County will pay nearly as much into its pension plan as it does for its Sheriff's Office, which can't afford to keep inmates locked up."
And, it will get dramatically worse. That is the good news. The bad news is that Arnold, his friend Meg, and the Democrats have refused to demand reform this November. But, they are billionaires--it does not matter to them.
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"This year, San Luis Obispo County will spend five times as much on pensions as it does prosecuting criminals.
San Mateo County will spend more to fund its pension plan than it does on public works.
And Fresno County will pay nearly as much into its pension plan as it does for its Sheriff's Office, which can't afford to keep inmates locked up."
And, it will get dramatically worse. That is the good news. The bad news is that Arnold, his friend Meg, and the Democrats have refused to demand reform this November. But, they are billionaires--it does not matter to them.
More...