In a few weeks the city of Los Angeles will have all its cash drained from both the General Fund and the Reserves. In the real world, that is called bankruptcy. In the math of the corrupt unions, that is just an "error", to be ignored.
"State meddling on behalf of a special interest is not a credible response to local government fiscal crises. A bill that would force cities, counties and special districts to get state permission before declaring bankruptcy is unnecessary and bad policy besides. The Senate should reject this misguided legislation."
Why do the unions want to ignore fiscal reality?
"The real goal is to protect labor unions' contracts with cities, counties and special districts. That cause gained momentum after Vallejo filed bankruptcy in 2008. The bankruptcy judge ruled last year that the city could undo collective bargaining contracts with city workers to ease financial burdens. Public employee unions, worried that agencies might see bankruptcy as a way out of steadily accelerating pay and benefit costs, want legislation to block that option."
Actually, this might be a good idea. If bankruptcy is harder, that means more workers, who pay bribes, would have to be fired--that is one way to meet the challenge of no money for cities to pay bills.
Were it not for unions buying city councils and State Government, we would not be in this mess. The unions are fighting hard for the cities they have bought.
More...
"State meddling on behalf of a special interest is not a credible response to local government fiscal crises. A bill that would force cities, counties and special districts to get state permission before declaring bankruptcy is unnecessary and bad policy besides. The Senate should reject this misguided legislation."
Why do the unions want to ignore fiscal reality?
"The real goal is to protect labor unions' contracts with cities, counties and special districts. That cause gained momentum after Vallejo filed bankruptcy in 2008. The bankruptcy judge ruled last year that the city could undo collective bargaining contracts with city workers to ease financial burdens. Public employee unions, worried that agencies might see bankruptcy as a way out of steadily accelerating pay and benefit costs, want legislation to block that option."
Actually, this might be a good idea. If bankruptcy is harder, that means more workers, who pay bribes, would have to be fired--that is one way to meet the challenge of no money for cities to pay bills.
Were it not for unions buying city councils and State Government, we would not be in this mess. The unions are fighting hard for the cities they have bought.
More...