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Plus a cashout when they retire for their unused sick and vacation pay. one cop walked with a check for $264,000. now, obviously, you can't afford that and tomorrow, the voters of san jose have the chance to roll back the benefits for existing retirees. that would be a first. not exactly a first but one of the more unusual moves to combat this problem all around the country. >> so if the average of the benefits is close to 96,000 dollars, they're going to reduce that number? i always thought that a deal was a deal. >> that's right. it's locked in place by a contract. but what the voters have t...

Our interns. could be insurrection. meanwhile, california's third largest city san jose is on the verge of going bankrupt and the city's mayor, a democrat says public workers union protected pensions are to blame. take a look at this graph. over the last 10 years, pension costs have exploded from 10 years ago, they were 73 million to $245 million. today. now, he wants voters to overrule that. stuart varney, host of "varney & company" join us live right now. stuart, when you look at the graph like that, it makes it pretty simple. >> yep. >> you cannot spend so much more than you take in. >> you...