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California Rule and Public Pensions (w/ portfolio mismanagement we're up a creek w/ out a paddle)

Vadinho said:
I am for pensions but here in California, they are out of control. The local sheriff just retired after 30 years. 280 grand for life. Sorry but no one is worth that kind of scratch in a local government. Firefights, cops, parole officers, prison guards, all of them can get 100k or more routinely for life and retire in their 50s. I really don't agree with this kind of benefit plan especially since they all make good dough during their careers and then pad their overtime to ride the pension curve up at the end. its a joke.
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sadly too few grasp in politics have the brains to balls to consider the long term consequence

for example "supporters" on the right hand of the political spectrum pay lip service to fiscal responsibly (basically only when the their opponent is left)

likewise "supporters" on the left hand side of the political spectrum don't see the debt obligation hole being dug ever deeper by mismanaged public pensions is going to make real ever growing problems like addressing climate climate change difficult/impossible

www.ThereIsNoPlanet-B.org

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