Get free daily email updates

Syndicate this site - RSS

Recent Posts

Blogger Menu

Click here to blog

worldwide drugstorepremarin with worldwide shipping valtrex canadaand Im buy in online pharmacy and bactrim generic and clomid new zealand no rx.viagra australia without prescription. And you can order propecia best of medications arimidex

FlashReport Weblog on California Politics

- Or -
Search blog archive

Ed Ring

Reports on Public Insolvency Incomplete Without Employee Compensation Data

On Sept. 23rd the New York Times published an in-depth report on how the cost of public employee pensions is causing budget challenges in San Jose, California. Entitled “Struggling, San Jose Tests a Way to Cut Benefits,” this article ran over 1,500 words and was filled with examples of city workers who are struggling financially.

Referring to city employees who face having more pay withheld from their paychecks to fund their pension benefits, the authors provide quotes:

“They’re kind of encouraging us to leave.”

“I’m leaving as soon as I get my 25 years in.”

”What they’re doing is destroying what had been a great police department.”

”I have to sell my house.”

While replete with quotes, however, the NYT only chose to share one statistic with its readers:

“San Jose now spends one-fifth of its $1.1 billion general fund on pensions and retiree health care, and the amount keeps rising.”

Since the New York Times is unwilling to… Read More