Latest Entry: Video: SBA List's "Womanhood" Ad - Welcome to the Bureau of Womanhood Conformity     Latest Comments: Talk Back Here

« Organized Anarchy Leads to One Last Question | Main | Contractors Claim Obama Administration Pressed Them to 'Soften' Job-Loss Estimates From Mining Rule »

November 18, 2011

(Video) Pension Reform and Union Shenanigans in San Diego

Topics: Political News and commentaries

From the folks at ReasonTV, in San Diego, as in many other cities across the nation, outlandish labor union pensions are completely unsustainable and are bankrupting the city. So the city is fighting to save itself from insolvency with the Comprehensive Pension Reform ballot measure, and, as is usually the case, labor unions are fighting back with their customary shenanigans, including intimidation and thuggery. City Councilman Carl DeMaio is the primary author of measure:

On November 8, 2011, San Diego's Comprehensive Pension Reform ballot measure qualified for the June ballot. Like so many other cities around the country, San Diego is facing a fiscal crisis. Currently, the city''s pension fund budget is facing an unfunded liability of over $2 billion. The Comprehensive Pension Reform ballot measure, if it passes in June, will switch new public employees to 401(k)-style plans, put an end to "pension spiking" and cap pensionable employee compensation for five years.

As mayoral candidate Carl DeMaio puts it, "all eyes are on San Diego" because San Diego could become a national model for pension reform.

The labor unions didn't sit back and watch the signature gathering process. Instead, they created a fake organization that took out ads warning people that their identities could be stolen if they sign a petition and sent burly men to initimidate people at signature gathering locations.The video is approximately 6.5 minutes.

Posted by Hyscience at November 18, 2011 9:47 AM



Articles Related to Political News and commentaries: