US Politics
The Ghost of Pensions Past: California's Reckless Gamble with Fiscal Stability
California's public employee pension system reported a 14.8% investment gain, which proponents are using to push for billions in increased pension benefits for police and firefighters, a move that risks repeating a disastrous fiscal history that previously pushed cities toward bankruptcy. It is a shocking and reckless gamble with taxpayer funds and the very solvency of our local governments, betraying the lessons of recent history for immediate political gain.
