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It looks to me that the Democrats in Sacramento have a theory. If the deficit and debt continue to grow, if the pension plan implodes, then government will collapse. The collapsed government will give them an opportunity to grow the power and scope of government, making government even important controlling then it is today.
"I've frequently argued that, as the state faces an unfunded pension liability that’s as high as $500 billion, legislators are not doing anything about a problem that is depleting public services and imposing additional debt and tax burdens on Californians.
In fact, the states legislators are doing something: They are making the problem worse by expanding benefits and making it harder for localities to reduce the crushing burdens imposed by these union-friendly deals.
Against the backdrop of a $19 billion budget deficit, a long-past budget deadline and growing public anxiety over a faltering economy and increasing government debt levels, the state Legislature last week moved forward a union-backed bill that would make it nearly impossible for cities to declare bankruptcy when they can't pay the bills because of ballooning personnel costs."
The Democrats, owned by the unions have decided to make the pension crisis worse! What did you expect, responsible policies from the union owned Democrats? The good news is that this will cause fewer jobs, less crowded freeways and fewer revenues--which mean more pressure for more furlough days, fewer government hiring, and fewer paying bribes to unions in order to work.
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"I've frequently argued that, as the state faces an unfunded pension liability that’s as high as $500 billion, legislators are not doing anything about a problem that is depleting public services and imposing additional debt and tax burdens on Californians.
In fact, the states legislators are doing something: They are making the problem worse by expanding benefits and making it harder for localities to reduce the crushing burdens imposed by these union-friendly deals.
Against the backdrop of a $19 billion budget deficit, a long-past budget deadline and growing public anxiety over a faltering economy and increasing government debt levels, the state Legislature last week moved forward a union-backed bill that would make it nearly impossible for cities to declare bankruptcy when they can't pay the bills because of ballooning personnel costs."
The Democrats, owned by the unions have decided to make the pension crisis worse! What did you expect, responsible policies from the union owned Democrats? The good news is that this will cause fewer jobs, less crowded freeways and fewer revenues--which mean more pressure for more furlough days, fewer government hiring, and fewer paying bribes to unions in order to work.
More...