California Gov. Jerry Brown signed a pension reform bill Wednesday which, among other things, increases the retirement age for future public employees, limits post-retirement employment for all employees and ends the purchasing of additional service credit time for all employees, according to California Federation of Teachers Legislative Representative Dolores Sanchez.
Many state and local governments are struggling financially...what happens when a town actually goes bankrupt?
Sharpton's response to the fact California owes $28 billion for pensions alone: "Where is your corporate tax?"
In Sacramento, the knee-jerk response to any crisis is to blame the Republicans.
Perhaps one of the most dangerous sentences in the English language is: "It can't get any worse."
Grover Norquist, head of the Washington-based Americans for Tax Reform, doesn't want Republicans to negotiate with Democrats to solve Washington's deficit problems or to cut a deal to solve California's budget shortfall.
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