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How has government caused the current California Depression? (Unemployment in Kern County is 18.4% and in Tulare it is 19.3%--statewide it is at another record high, 12.6%)
One way is to make sweetheart deals with unions. In the case of Berkeley, they love unions and make no pretense that economic reality determines policy.
"Berkeley paid about $31.3 million for its retired employees in 2008, according to an informal estimate made by David Hodgkins, the city's director of human resources.
While officials have said the exact costs facing the city are not yet known, the report predicted a "dramatic" 58 percent increase in payments between fiscal years 2009 and 2016."
Until government is returned to the people, from union ownership, we can not get out of the Depression. California government pensions are $525 billion upside down--totally unsustainable.
More...
One way is to make sweetheart deals with unions. In the case of Berkeley, they love unions and make no pretense that economic reality determines policy.
"Berkeley paid about $31.3 million for its retired employees in 2008, according to an informal estimate made by David Hodgkins, the city's director of human resources.
While officials have said the exact costs facing the city are not yet known, the report predicted a "dramatic" 58 percent increase in payments between fiscal years 2009 and 2016."
Until government is returned to the people, from union ownership, we can not get out of the Depression. California government pensions are $525 billion upside down--totally unsustainable.
More...