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My good friend David Frisk, Ph.D, has provided us with the definitive article on the subject of the California government pension crisis. If you read nothing else, this is a must read--answers to all your questions about the pension crisis. This is the Claremont Institute at its best! Pass this on; especially send it to the media, so they can understand the problem, history and possible solutions.
"California is facing serious economic and political problems. How we deal with these problems will affect both California and the nation.
In this second essay of our Advice to the Governor public policy series, the Claremont Institute's David Frisk emphasizes that elected officials have failed to act responsibly in dealing with public-employee pensions, the growing costs of which threaten to displace even basic health and safety services directed towards the common good. In addition to being unaffordable, generous public-employee pensions are also unjust, especially during an economic recession that is demanding disproportionate sacrifices from the private sector. Fixing the problem requires renewed fiscal competence and prudence in our government, along with a statesmanlike perspective and strong political leadership from California's next governor.
Frisk is a Fellow of the Claremont Institute and the author of If Not Us, Who?: William Rusher, National Review, and the Conservative Movement, forthcoming from ISI books".
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"California is facing serious economic and political problems. How we deal with these problems will affect both California and the nation.
In this second essay of our Advice to the Governor public policy series, the Claremont Institute's David Frisk emphasizes that elected officials have failed to act responsibly in dealing with public-employee pensions, the growing costs of which threaten to displace even basic health and safety services directed towards the common good. In addition to being unaffordable, generous public-employee pensions are also unjust, especially during an economic recession that is demanding disproportionate sacrifices from the private sector. Fixing the problem requires renewed fiscal competence and prudence in our government, along with a statesmanlike perspective and strong political leadership from California's next governor.
Frisk is a Fellow of the Claremont Institute and the author of If Not Us, Who?: William Rusher, National Review, and the Conservative Movement, forthcoming from ISI books".
More...