Monday, April 23, 2012

Los Angeles On the Way to Bankruptcy, Former Mayor Says.

  • Pension costs to be 15.4% of expenditures.
  • Unions pay off the politicians, who agree to these unrealistic pensions.
  • Unions will control, because they help with the elections of Democrats.
  • The whole state of California is destined to the same debt solution, bankruptcy.
  • There are good leaders who could solve this, but to deal with the corruption, day in and day out with the media supporting the unions.
  • A hopeless situation.
More from THE ORANGE COUNTY REGISTER by Brian Calle.

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