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Home › Forums › Financial Markets/Economics › Another excellent Economist Mag article on the terrible state pension issues › Whatever, but I think that is

June 18, 2013 at 3:29 PM #762968
The-Shoveler
Participant

Whatever, but I think that is exactly the problem, the city of L.A. budget issue are not being addressed.

With all this and they cannot even argue the coming January 5.5% pay increase for the city of L.A. public employees.

Even in the Los Angeles’ mayoral race, the two candidates vying to lead America’s second-largest city agreed on this: its finances are terrible, and runaway wages and pensions paid to workers need to be reined in to avoid fiscal meltdown.

You think Garcetti will do anything, personally I don’t.

Nothing will get done until it finally has no other recourse but BK IMO.