California's public pension system (CalPers) is in "deep financial doo doo" according to the Sacramento Bee.
Hey ... you know what might help them out? If the government were to take over all their health care costs for retirees. Then the taxpayers would pick up that tab instead of the pensions having to go to politicians for a direct bailout. That would probably be much more politically palatable... they can even call it 'health care reform' so it sounds like an overall improvement.
Man... that's just genius ... even if I do say so myself.
Now if I could just think of someone someone in government who is sympathetic to the issues of big labor who can champion a plan like this... That will be tough, but what might make it easier for them is if they can find a way to make it seem like it will reduce overall health care costs. Maybe if they included 10 years of tax revenue but only 7 years of benefits so it seems like it's deficit neutral...
I don't know... not even the US taxpayer is stupid enough to believe an obvious ploy like that. but I'll keep thinking about it.....
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