Steven Greenhut: Bankruptcy may be only way out for cities, states| bankruptcy, unions, reform – Opinion – The Orange County Register Feb 24, 2012
The problem in the public sector is that government never is allowed to fail. There never is a day of reckoning no matter how poorly government provides its so-called services.
What happens when failure is no option? – HUMAN EVENTS Feb 28, 2012
SACRAMENTO — In my latest column, I documented how the state’s pro-union Attorney General Kamala Harris provided an unfair and dishonest title and summary to a pair of pension reform initiatives submitted to her office, thus effectively killing the measures. Last week the unions tried — and almost succeeded — with an even nastier stunt designed to undermine democracy.
California Refuses to Fix Public-Sector Pensions – Reason Magazine March 9, 2012
Golden State lawmakers close their eyes and pretend the looming pension crisis doesn’t exist.
Special Series: Broke Municipalities Look to Bankruptcy Option | CalWatchDog March 9, 2012
This is the second in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy.
Public Unions Send Medical Bills to Taxpayers – Bloomberg March 15, 2012
The U.S. public pension mess, with its $2 trillion to $3 trillion in unfunded liabilities, is such a volcano of gloom that it takes a potentially bigger problem to turn our eyes away from it.
Turn your attention instead to the size of the taxpayer- backed health-care obligations for public employees.
Are there Other Stocktons Out there?
By Kevin Klowden
Director, California Center; Managing Economist
Monday, April 2nd, 2012 Want to ask Steve what he thinks of Klowden’s remarks here:
“There is hope on the horizon, however. Negotiations to reduce future pension and benefit obligations are bearing fruit and will clearly show long-term improvements for cities such as Stockton. Construction of intermodal port facilities in the city are creating jobs both in the near and long term. The concern is that neither of these developments helps Stockton and cities like it right now.”