Saturday, February 18, 2006

More Finance Problems For CA

Looks like not only are government employee pensions a big problem, but medical benefits for retiring state employees appear to be a looming crisis as well. This Sacramento Bee story tells how medical costs for retiring state employess will go from the current 1 billion dollars a year to 5 billion in the not- too- distant future. Thank you, Governator, for agreeing to fund something like 5000 additional government employees, under current budget proposals, to add to the mess.

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