Has Public Sector Exceeded Critical Mass?

[APC]

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[Jack Weber]

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[bloodyminded]

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[Shwa]

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[punked]

I agree, it was an amazing story. And a great illustration of what happens when governments, but in particular public employees don't live by basic rules and laws of business and economics.

I found it incredible, but not suprising that California pays more in public employee pensions than it does on the state university system.

Yah Shady I am shocked a University system that has 400,000 students and which only costs 700 million a year costs less then public employee pensions. To put in perspective it costs 1/100th less then what deregulating the energy sector costs the government in California in 2005 alone. My god you are slow aren't you. Remember deregulating and taking the energy sector out form government control cost Cali close to 40 Billion in one year alone. Now that is shocking. Not that a well run university which fund-raises and charges tuition costs the tax payer very little money.

[bloodyminded]

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A win for Shwa!

[Shwa]

A win for Shwa!

LOL!