[quote=briansd1]davelj, I completely agree with your assesment of public employees in California.
The problem with our government is that when revenue flows in we spend it all. And when the economy turns bad, they want to tax to continue spending at bubble levels.
Instead, governments should accumulate the savings in wealth funds during to good years so that there’s money to support spending during the bad years, without raising taxes.[/quote]
No disagreement there, either, brian. See what I wrote regarding what the public employees were trying to do during the bubbles in response to dave’s post, above (when public employers were told they didn’t have to contribute to the pensions — public employees and their unions were trying to get them to SAVE that money for a rainy day).
