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Orange County, California, Officials Haven't Learned Yet from Troubling Results of Excessive Pension Increases for Government Workers
The Orange County Register 
Aug. 25, 2008
Excerpt: [T]he United States is facing massive financial problems caused by the granting of unsustainable pension and medical benefits to government workers and dependents.... The Bay Area city of Vallejo has been in the news lately for declaring bankruptcy and perhaps facing a state takeover after city officials gave government unions – especially police and fire unions – CEO-level pay and benefit packages that have consumed more than three-quarters of the city's $80 million general-fund budget and have led to massive shortfalls.... So what are local city officials doing in the face of this daunting evidence that pension-spiking is unsustainable? Spiking pensions, of course, and putting their taxpayers at risk of a Vallejo-like scenario.
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