Tuesday, March 10, 2015

LA Times Op-Ed California's public unions have too much clout and compensation

Californians' public employees are paid handsomely at the expense of public services - DANIEL DISALVO/LA Times

...To a substantial extent, these compensation premiums are driven by the rising costs of public employee pensions and healthcare. In Los Angeles, pension costs have risen to nearly 20% of the city's budget from 3% in 2000. Statewide pension liabilities are increasing at a rate of $17 billion a year, which make the state's current cash surplus a mirage.

As the city and state pay more for public services they've already consumed, there are fewer resources left for other public priorities. Government ends up spending more but doing less, which is a governing formula that pleases neither liberals nor conservatives.

What is to be done?...