e-Claire

Bit in Their Teeth

runaway stupid

Government is the biggest lobbyer of government in CA.

Assembly Member Tony Mendoza, D-Artesia‘s AB 155 ... Spurred by the city of Vallejo’s bankruptcy filing, a powerful coalition of public worker unions is sponsoring the legislation that would, in effect, preclude cities, counties and other local governments from seeking bankruptcy unless a board dominated by union-friendly Democrats gave its blessing.
The board is the nine-member California Debt and Investment Advisory Commission, which was created 18 years ago to monitor bonds and other public debt and had labored in virtual obscurity ever since.

It’s “laboring in obscurity” is mostly due to the fact that it is one of many, many, many, many, many CA ‘political pay-off’ boards, the duties of which are fairly obscure, redundant and extremely well paid.  [Including fifteen members of the ‘support staff’ paid from $120,000 (executive secretary) to $30,000 (asst. program specialist) per year (including $36,420 for the ‘office technician, typing’]

[AB 155 would] empower the commission to regulate bankruptcy filings [and] allow it to impose conditions on the filings they do allow, which is the nut of the issue. Local governments that file for bankruptcy may be able to abrogate their labor contracts, but if AB 155 becomes law, the debt commission could, or at least the unions hope they would, block abrogation.

“The problem with socialism is that eventually yo run out of other people’s money to spend.”
- Margaret Thatcher

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