Police Falling To Their Own ExcessesChris | InformationLiberation
Dec. 29, 2013
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How would you like to work for only 30 years, then retire at 50 with a pension that's 90 percent of your salary for life? That's the sweetheart deal police in towns all over California receive, and it's driving city after city into bankruptcy.
From the New York Times:
The city, Desert Hot Springs, population 27,000, is slowly edging toward bankruptcy, largely because of police salaries and skyrocketing pension costs, but also because of years of spending and unrealistic revenue estimates. It is mostly the police, though, who have found themselves in the cross hairs recently.Will the heroes in uniform sacrifice their bloated pensions and salaries for the taxpayers they claim they want to protect? Of course not, the police union says they're going to sue the city over the "illegal" cuts. Hilariously, they may actually have a case. The same government which is looting taxpayers with these insane salaries and pensions also passed a "law" making it illegal to cut them!
Fortunately, there is no overturning economic law, the money is drying up. For those who complain you were "promised" these insane pensions. Guess what, the people who invested in Bernie Madoff were "promised" lots too, it doesn't make you entitled to it. You invested in this system of mass criminality and looting, it's taken decades to loot the taxpayers for all there is to be looted, but now it's finally approaching the socialist endgame.
Chris runs the website InformationLiberation.com, you can read more of his writings here. Follow infolib on twitter here.