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When the nutty San Francisco leadership realizes that they can no longer pay the pension costs bought by the unions in the past, you know the pension system is collapsing.
"It's not a red, blue or green issue. It's a math problem...
San Francisco, a union town and progressive haven, might seem to be the unlikeliest place for a battle over whether to pare back benefits to public employees. Public Defender Jeff Adachi, a stalwart of the left, is the equally unlikely champion of a pension reform initiative that has jolted organized labor into full combat mode even as the measure awaits certification for the ballot.
But the crisis over escalating pension and health care costs that has been brewing for years - and ignored by all but a few lonely fiscal conservatives - has reached the breaking point."
Cities and counties are drastically cutting back on basic services because of the pension costs. If this can be rolled back in San Fran, there is hope for the State.
More...
"It's not a red, blue or green issue. It's a math problem...
San Francisco, a union town and progressive haven, might seem to be the unlikeliest place for a battle over whether to pare back benefits to public employees. Public Defender Jeff Adachi, a stalwart of the left, is the equally unlikely champion of a pension reform initiative that has jolted organized labor into full combat mode even as the measure awaits certification for the ballot.
But the crisis over escalating pension and health care costs that has been brewing for years - and ignored by all but a few lonely fiscal conservatives - has reached the breaking point."
Cities and counties are drastically cutting back on basic services because of the pension costs. If this can be rolled back in San Fran, there is hope for the State.
More...