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To: Grampa Dave; stephenjohnbanker
Libertarian-leaning Reason Foundation reports that that California's unfunded pension liability "unsustainable and unaffordable" and "translates to roughly $36,000 for each California household." In 1999, Gov. Gray Davis signed a bill that retroactively allowed some state employees to retire at age 50 with a pension as high as 90 percent of the last year's salary.


"Wasn't my fault," Brown told cheering Democrats at a recent convention.

GUESS BROWN FORGOT ABOUT THIS (/SNIX) Then-Gov. Jerry Brown signed a crucial bill in 1978 that gave public workers, already protected under civil service, collective bargaining rights on top of that. Such legislation created far more than mere bargaining power. It also gave the unions access to dues money that could be deployed to reward friends in the legislature as well as beating back reform efforts at the ballot box.

The government's "money machine" to buy votes was engineered in the 1970s when California's legislature cleared the way for public-employee unions to organize and bargain. Then-Gov. Jerry Brown signed the crucial bill in 1978.

3 posted on 06/09/2010 8:11:00 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: Liz

” In 1999, Gov. Gray Davis signed a bill that retroactively allowed some state employees to retire at age 50 with a pension as high as 90 percent of the last year’s salary. “

State employees won the lottery at every other Californians expense.

Medfly Brown is a fool.


5 posted on 06/09/2010 8:13:12 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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