Tuesday, July 30, 2013

Detroit Bankruptcy May Reduce Pensions 90%. California Pensioners Take Notice.

Many will receive no pension or health benefits.

There is no money.

They are not eligible for social security, having not contributed to the fund.

The Chickens come home to roost, as the saying goes.

Much of this negotiated years ago with state leaders, city council members caving to union's support during elections, is my opinion.

This will come as a shocker to other states and cities nationwide, obvious candidates would be New Jersey, Illinois, and other Democrat run states.

Just some thoughts for the day.

This news report and opinions are from CALIFORNIA POLITICAL REVIEW by John Seilor.

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