As Kentucky's $30 billion public employee pension mess grows worse and worse each day, one left coast city has avoided the mess by telling the political class who's boss:
"The place without a pension disaster is the City of San Francisco. And the reason it doesn't have a pension disaster is that all pension changes in that city are subject to a public referendum, and have been for 120 years."
More here.
We have no such luck in Kentucky, of course, where politicos have long-since asserted their dominance with a combination of hubris, buffoonery, and dishonesty.
No comments:
Post a Comment