How much do you owe government workers?

How much do you owe government workers? In cities like St. Paul and Oakland, local governments are using tax surcharges and special levies to finance broken pension systems (Oakland’s went bust in the 1970s.) Author suggests home buyers consider asking real estate agents, “Just how much would I owe your government workers?” before buying. That’s gonna really help the housing market in states like California and Illinois.

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (8)

  • It might be helpful to remember that the real fault lies with the unions and the enabling state/local leaders - not the individual employees - although there seems to be no shortage of otherwise unemployable losers in the ranks.

  • Move all the PEUs to the social security system. Have Uncle Sugar just nationalize all of those pension funds. Goose gander.

      • Worked their for a while, The only recommendation I would make is if we resume above ground nuclear tests Oakland/Berkeley should be ground zero....The crime rate in California would drop by 75 percent and the collective I.Q. Would rise by over 100 points.