It's a crisis of spending and it's also a revenue crisis. It's a crisis of both... I take responsibility. It predates my administration, but there's no question that it also occurred during my administration.Sounds like he's owning up. But it's easier to beg for forgiveness than ask for permission, and that's exactly what Villaraigosa is doing here. Just two years ago, he approved monsterous pension plans for city workers, at a cost to the city of $723 million per year. That's just the pension contribution. Meanwhile, the budget shortfall is $212 million.
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