A little control
I was reading about California’s governor Arnold Schwarzenegger’s bid to reduce pensions for state workers. I think it’s high time that somebody took a stand to reduce the money flowing out of the system. The liabilities incurred by the state are draining the coffers and leaving the state in a financial mess.
It’s no wonder that the move is opposed by the unions. It is known that many workers can retire at the age of 55. This is far too early in my opinion and has led to the state’s economic downfall. I hope these unions will realize they are driving the costs of doing business up far too high.