I have never seen so much press
coverage given to the precarious condition of almost all
public employee defined benefit pension plans and the overly
As it notes,
"The inevitable has happened, restoring our faith in the logic of the universe: the local politicians who supported Gov. Newsom’s shutdown of the California economy now want the governor and the Trump administration to bail them out.
"But don’t be fooled. Even if you think killing the economy has been necessary, the coming collapse of government finances has less to do with the virus or the economic shutdown than with crazy government spending that goes back years, even decades. The catastrophe for cities wasn’t created in the past few weeks."
This op-ed carries added weight because it was written by two former elected officials:
"Jim Righeimer was elected to the Costa Mesa City council twice and served from 2010 to 2018. He was mayor from 2012 to 2014.
Bruce Whitaker was first elected to the Fullerton City Council in 2010 and has since been reelected twice. He was mayor in 2013 and 2017."