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Kobe Bryant is 'The Black Mamba'

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albusteve2/20/2011 9:06:01 am PST

That liberal vision of high-speed rail, renewable energy, health care for all, more money for universities? Sorry, that money is going to government workers and retirees.
not everyone in CA is dumber than a box of rocks….on pension spending


Reason’s Tim Cavanaugh explains how progressives in deep-blue California are starting to realize this:

The most aggressive lobbying for pension reform is coming not from fiscal conservatives but from progressives, who see the logarithmic cascade of pension liability as a threat to public parks, environmental programs, and rail transit.

Jeff Adachi, an attorney who has spent most of his career in government work, sees the problem strictly in terms of spending priorities. “Right now in San Francisco we’re spending a billion dollars a year on benefits,” he says. “That’s one out of every six dollars we spend. Within five years that’s going to double, to one out of every three dollars. I believe it’s already that ratio in Los Angeles.”

blogs.investors.com