Saturday, November 12, 2011

Pension Reform from the City to the the City of Angels

Voters in the City and County of San Francisco are in favor of reforming the pension system for city workers.

Modesto has also stepped up demands for pension reform.

Some votes have been effective. Others non-binding.

Is hell freezing over, or is the City by the Bay finally coming to its senses?

Voters, more than two-thirds, are moving for workers to contribute more toward retirement, as well as extending the age when workers may retire.

Once again, socialists find out that sooner or later they run out of someone else's money to spend. Collective bargaining units, mini-socialist societies within municipalities, are facing the grave reality that their city-government employers no longer have any more taxpayer money to lavish on public employees. Politicians who want to keep their jobs must heed the will of a public growing increasingly wary of individuals who insist on more while giving the same, or less, year after year.

Let's hope that the growing reality of fiscal restraint that is mugging cash-strapped cities will spread further, shoring up services for residents who have balanced their checkbooks and are now demanding that city leaders do the same.

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