Tuesday, January 14, 2014

Jerry and the Unions have a legal problem with pension payments

Sacramento owes about 4.5 billion a year in pension payments.  Jerry and the teachers want to skip the payments, instead spending that money on salaries today. That is a known fact among current bankruptcy judges.  When the next city files for relief from pension payments, the judge will remember the dead beat politicians and immediately give relief to the city.

Los políticos en Sacramento quieren saltarse sus pagos de pensión a los fondos de los maestros, entonces la clase media más tarde, en California la cuenta para los pagos perdidos.

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