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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (119854)	11/4/2009 10:37:59 AM
From: Skeeter Bug	Read Replies (1) of 132070

Knighty, the waterfall has to start somewhere. truthfully, the only difference between pritchard and the entire state of CA and many of its cities is that 1. city government has a grasp on reality. 2. city government can't/won't paper over their financial position. it is unfair to solely focus on pensions, though (and yeah, Mish's $12/hr pay cut offer is cold blooded, even if he's technically right that they could easily fill those jobs at that rate). while a big piece of the pie, there is still a lot of pie left to go after, too. the states are going to have to cut back in a massive way and that shoe has yet to drop. increasing withholding from pay checks is only a way to paper over losses until CA can issue IOUs next year. then what are they going to do?

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