Former Mayor Richard Riordan is interviewed in this clip above and he doesn't predict good things for Los Angeles. In fact, he predicts many cites will fall into bankruptcy within the next five years.
I agree with him. Liberals in charge of multiple cities and States in America have over-promised with taxpayer dollars that they are not going to be able to come up with. As I mentioned before, The State of Illinois -- leaders of the pack when it comes to idiotic political maneuvers -- is on the hook for over $1 billion dollars to just the top 100 pensioners in their books. That's before anything legitimate comes up for budgetary discussions. In fact, Illinois has 3,597 retired government employees who are earning over $100,000 a year in pension. These "pension millionaires" are going to destroy everything in America as they take down City after City and State after State in a massive financial collapse. The math does not work.
Now you can see why I hate Teachers Unions. In the Illinois example, they think it is perfectly OK to remove $1 billion dollars from the educational system so that 100 former teachers can sit around on their asses and do nothing at taxpayer expense. "It's for the kids..." , they always whine. Oh, really?
I don't know the exact numbers in California, but the viral strain of California liberalism displays the same symptoms as the Illinois infection. Massive shortfalls. Incompetent leaders. Powerful union strangleholds on political office.
There was some jibber-jabber over at Ron Kayes blog about an endorsement of Bernard Parks to remain on City Council in District 8. Let me say this....
Parks is controlled by unions and he is a hypocrite. He's concerned about budgetary issues?
Parks is one of the highest paid public employees in America.
When you add his Police pension to his City Council paycheck...
Bernard Parks gets paid more than Barack Obama!
Let that sink in for a minute.
A useless political hack on the LA City Council makes more in government pay than the President of the United States.
If the voters can't get their heads on straight and elect some Conservatives real quick, then this City is doomed.