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I honestly don't understand how anybody ever thought pensions were a good idea.
 

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Social service take a tiny part of the budget. Keeping up zombie banks/companies and waste on useless infrustructure is what's killing North American countries.

Cut police and fire but keep paying the CalPERS? That makes sense.
 

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King of the Hopeless
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Pension funds got creamed over the past seven years. Moreover with the value of properties going down in combination with fewer properties being bought and sold, the bonanza of tax and fee money pumped into cities and towns by the real estate market went bye bye. That and the economic downturn - which again hit tax revenues brutalized many places in the US. It is a rough situation.
 

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Are we not men?
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Detroit isn't far behind.
 

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Are we not men?
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I honestly don't understand how anybody ever thought pensions were a good idea.
There is nothing wrong with pensions...as long as you have a plan in place to fund them, not just some pipe dream that keeps pushing the problem down the road. Well, the pensions have to be reasonable too...
 
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