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Bobby Jindal's Bait & Switch Shop Retirement Special

3
Rightwingconspirator3/31/2012 8:20:16 am PDT

re: #2 Obdicut

Or as we have in California government union pensions were so extremely lucrative that only the very best revenue levels of boom years could possibly support the costs. Instead of 401K’s they got “fixed benefit”. No matter how little money the state has or how the state investments tanked.

Unions gained an excess of power in Ca. And unaffordable contracts were the result.

An average guy with a good income and a good pension could only look at the government worker benefits and gasp. Then watch the pressure mount for him to pay more state taxes to cover it all.

In California it’s not as simple as the GOP. Hell, they have not held the power here for a couple decades. The same problems with the Democratic party in full sway.

How could that possibly be? Simple. These things are not just about the GOP.