August 11, 2016

SOMETHING THAT CAN’T GO ON FOREVER, WON’T: California’s Six Figure Pension Club Has More Than 20,000 Members.

Of course, California isn’t the only state with runaway public pensions. As Betsy Newmark writes, “One day, citizens will wake up to learn that their community or state can’t fund basic programs and expenses because too much of their budget is tied up with paying pensions for retired public employees. And they’ll learn that the blame lies with politicians who traded long-term concerns for short-term political gains from union workers.”

Curious that the left is obsessed with the word “sustainable,” when so many of their fiscal policies aren’t.

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