Thursday, October 25, 2018

Isn't California in Much Worse Financial shape than currently admitted?

Watched the Frontline tv show on Pensions, especially DB/defined benefit ,the best, for police fire and teachers.
The show focused on the worst state situation in Kentucky where politicians for Years have not followed the Law and paid annually into the State Pension Fund, but spent the money ,,,elsewhere!

They said "California is also in big trouble with its DB pensions."

And Prop6, the bad Regressive state gas sale tax that should be repealed is replacing the STOLEN State Highway Trust Fund $!
Sacramento needs to do right ,for a change, and replace All that Highway "Trust" Fund!!

And pass statewide tough Rent Control!!