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Special correspondent kennedy went there to ask you with bankruptcy people like the cops and firefighters. they are heroes. who is to say what is too much? i don t blame anyone in particular. he is in the prison guards union making $66,000 per year before benefits. we give so much and it they don t get anything back we give it to the unions. absolutely. you pay the union dues and we pay for your pension. of course. john: of course, . with benefits is as close at $20,000 limit the firefighters salary has doubled now they make $150,000 per year. ....
John: people to leave hotel california. they cannot pay the bill. four cities have declared they grips the. including san brady no. the results is not pretty. it breaks down to nothing they are empty. parking lots are empty. there is no opportunity. it is like a ghost town. john: 34 so the city s many went to public safety cops and firemen. they promised much where many and the town had. to the people realize that is the reason? no. ....
Off the government sooner or later nobody is there to pay the bills. john: but california has a higher cost of living. even with that this does not justify the difference of the $50,000 average for 70,000. california prices itself out of the market. john: and calpers assumed the 8% rates of return. now they just lower it down at seven point 5% like that is responsible. why do they think they can make that rate of return? tonight i will party with the victoria secret supermodel. it would happen if calpers will not meet those targets that means the unfunded ....
John: people are not upset? in the ignorance is bliss but nobody seemed happy. john: kennedy thought the mayor s office would be the place. and city hall is a nice building. it looks expensive. that maybe the problem. let s get answers. people this to working seven days a week. i walked down the empty hallway looking for a mayor. for anybody. it was creepy. anyone here? hello? i found it empty conference room and decided i would takeover. figure for coming. it is great to have you. i and the acting mayor. ....
Not a lot of happening. any say and the thing i shall look back on the aegean agenda? a busy day. we have a lot of problems. businesses with shutter doors and i don t hear answers from any of you. john: they were supposed to be in the office? police stopped on fridays john: the city attorney told the residents go home and lock your doors and a load your guns. he was there and would not talk to us. one blamed the city manager for spending money on the movie theater. it is nice but nothing compared to the 45.$8 million deficit this city is running. when they filed for bankruptcy they had wanted to $50,000 in the citibank ....