Eating at the Trough – California Pension, Healthcare and Other Benefit Costs Are Strangling The Economy

With conservative estimates of unfunded public sector pension and healthcare liabilities topping a quarter of a billion dollars, and growing at a rate of $17 billion annually, Orange County Supervisor (and one of the very few to predict the O/C bankruptcy back in 1994) discusses the extreme danger to cities, counties and the state of California – and the real possibility of a California default:

http://www.calwatchdog.com/2010/02/23/new-pensions-push-state-to-insolvency/

Katy Grimes shines a light on the chasm between public and private sector vacation and sick day payouts which are coming to light as state employees head for the exits.

http://www.calwatchdog.com/2010/03/02/public-versus-private-different-sets-of-rules/

For an excellent website covering these public pension issues, bookmark the following site:

http://www.pensiontsunami.com/

Related Twitter:

http://twitter.com/pensiontsunami

Supervisor Moorlach’s webpage:

http://egov.ocgov.com/ocgov/Government/Elected%20Officials/Supervisor%20John%20M.W.%20Moorlach%20-%20Second%20District/Biography

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One Response to “Eating at the Trough – California Pension, Healthcare and Other Benefit Costs Are Strangling The Economy”

  1. Geweldig mooi geschreven, echt geweldig. Ik denk dat ik maar de rest van de website ook even ga uit pluizen. Ziet er goed uit. Gracias!

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