California Lawmakers Are Ignoring History by Boosting Pension Benefits as the State’s Economy Teeters
As Mark Twain wrote, “History doesn’t repeat itself, but it often rhymes.” Lately, I’ve been hearing a recurring rhythm—and feeling melancholy—as the Legislature is about to repeat a grave mistake. The issue involves public employee pensions as the Legislature introduces two bills that would exacerbate state pension problems just as they did 27 years ago….