- Three California cities ready to declare bankruptcy chapter 9, and more to follow.
- All due to overly generous retirement payments.
- Some retire at their last salary at age 55.
- Then start another career.
- Government unions have a strangle hold on legislatures in Sacramento.
- A national law is needed to nullify government unions.
Friday, July 20, 2012
California's $500 Billion Pension Debt: Democrats Promise to Unions. Bankrupt Cities, the State Is Next.
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