It’s clear that we have many government employees. Some whom take advantage of loop holes and advantages in retirement systems. Ultimately those who pay the bill are taxpayers. I think somewhere along the way, public employees may have forgotten is that when they are on a pension of $100k for life, we’re on the hook for that money for the duration of their life. Which, may be a longgg time.
Maybe it’s time for states like California, to seriously consider the bankruptcy option. Certainly a judge could nullify every retirement pact and these could be renegotiated to a reasonable amount. It’s time to stop putting bank bail outs, nationalization of companies like GM and all this madness on the backs of the American taxpayer.
Of course, now that Jerry Brown is in office, this will never happen. But, will SOMEONE please step up to the plate!?