Cal Pers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Back, saying federal law mandates that all who are owed take a financial hit. dan henninger is still with us and assistant editorial page editor, james freeman and alici alicia, you've been following this, terrible for stockton. >> the pensions could be cut in this case and other cities follow in bankruptcy to eliminate the bond and preserve the cushy benefits for public employees. >> paul: and why should everybody take a hit? what are the policies of hitting the bondholders, but sparing the pensioners? >> first of all, cal-pers. >> paul: that's the california pension. >> that's right, they th...

Power that government workers unions have in negotiating with political officials. cal pers is run by people, politicians, either by union officials or politicians want support of unions. they're going to have aan incentive to go along with big paid yeahs and put off the day of reckoning where taxpayers are going to have to take out of their tax payments money to fill that gill. -bill. >> california reminds me of france. >> where you used to life there are public sector unions run the state. five years ago if you recall, government schwartzeneggar tried to push through this referendum for a sp...