California’s Looming Bankruptcy

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The state of California’s in a heap of trouble, financially; and according to Forbes Magazine, one of the chief reasons for it is more than 340,000 government employees each earning more than $100,000 a year–plus a trillion-dollar unfunded pension liability. These employees cost the state some $45 billion a year, the major part of a $54 billion budget deficit (http://www.freerepublic.com/focus/f-chat/3846870/posts). Holy moly.

Faced with the consequences of its prodigal spending, California officials would like the rest of the country to bail them out.

My own state of New Jersey is deeply in hock to the teachers’ union. I remember, some twenty years ago, when NJ got its first $100,000-a-year public school teacher. Now every school district has a bunch of them.

But it keeps the public employees voting for Democrats, and keeps the unions able to contribute largess to Democrat candidates’ campaigns, so what the heck? Keep those sweetheart deals coming.

In return for all this money, we get “teachers” teaching our kids that you can be a boy one day and a girl the next, depending on how you feel. And the United States is a racist slave-holding hell-hole. And so on.

Somehow “public servants” turned into the public’s masters. We need to re-think the whole idea of allowing public employees to unionize. This is more of that stupid stuff that we need to stop doing. And soon.

3 comments on “California’s Looming Bankruptcy

  1. Even FDR was against gov’t employees being able to unionize. But California is giving all illegals $500 if they just call a phone number, so how can they be in debt? But wait, they are borrowing the money to give it to them – maybe not a good idea, Einstein.

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