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Government can not allow honest people to audit it. When they do, they find the incompetence and corruption that only government is allowed.
"Weber decided to sign up. He and his fellow jurors spent hundreds of unpaid hours examining San Franciscos public employee pension fund. On June 24, they issued a report titled, Pension Tsunami. It warned that the soaring obligations jeopardize the citys future.
Weber, 59, is a self-described nobody who graduated from Lowell High and the University of California, Berkeley. But he is no longer unknown. His volunteerism has placed him directly in the cross hairs of unions vigorously fighting efforts to overhaul the pension fund. The unions say they have made huge concessions in recent years."
Remember, San Fran government is owned by the unions. Politicians beg for their money and then return the favor with sweetheart union agreements--high wages and very high benefits.
I should mention that thanks to this corruption, and that is what it is, the City is $483 million in deficit--but the bad news is that in a short time it will reach one billion dollars.
"More than anything, Webers odyssey shows how pension overhaul has become a blood sport not only in San Francisco but also across the Bay Area, where the issue is convulsing municipalities contending with shrinking resources and rising costs, directly affecting social services.
The situation in San Francisco is serious. The grand jury report noted that the citys annual pension and health-care costs would more than double, to about $1 billion, by 2014. The citys entire annual budget is about $6 billion"
In just three years 16% of the San Fran budget will be paying for pension and health care costs--that is unsustainable. This is a city on the brink of bankruptcy.
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"Weber decided to sign up. He and his fellow jurors spent hundreds of unpaid hours examining San Franciscos public employee pension fund. On June 24, they issued a report titled, Pension Tsunami. It warned that the soaring obligations jeopardize the citys future.
Weber, 59, is a self-described nobody who graduated from Lowell High and the University of California, Berkeley. But he is no longer unknown. His volunteerism has placed him directly in the cross hairs of unions vigorously fighting efforts to overhaul the pension fund. The unions say they have made huge concessions in recent years."
Remember, San Fran government is owned by the unions. Politicians beg for their money and then return the favor with sweetheart union agreements--high wages and very high benefits.
I should mention that thanks to this corruption, and that is what it is, the City is $483 million in deficit--but the bad news is that in a short time it will reach one billion dollars.
"More than anything, Webers odyssey shows how pension overhaul has become a blood sport not only in San Francisco but also across the Bay Area, where the issue is convulsing municipalities contending with shrinking resources and rising costs, directly affecting social services.
The situation in San Francisco is serious. The grand jury report noted that the citys annual pension and health-care costs would more than double, to about $1 billion, by 2014. The citys entire annual budget is about $6 billion"
In just three years 16% of the San Fran budget will be paying for pension and health care costs--that is unsustainable. This is a city on the brink of bankruptcy.
More...