[dragnet2]

The tremendous growth in payouts for retirement benefits over the years certainly lends merit to his prophecy "of bankruptcy". According to Stanford Institute for Economic Policy Research, pension costs in L.A. increased from 8.5 percent of total city expenditures in 1999 to 15.4 percent for fiscal 2012.

Cops, firemen (auto collision responders) city council, all the government departments and their bloated salaries...

These governemnt employees and their obscene tax paid retirement pensions are gang banging the American private sector...

[kearnyirish2]

“Cops, firemen (auto collision responders) city council, all the government departments and their bloated salaries...These governemnt employees and their obscene tax paid retirement pensions are gang banging the American private sector...”

Here in NJ the most damage comes from public school teachers; we’ve laid off cops and firemen, but not nearly enough teachers. They work 180 days per year (not even full days), and are paid better than many private-sector workers with “real” degrees (who in turn are expected to pay them).