California’s budget disaster – a huge problem. Guess what? The Los Angeles City Council’s Budget director is a pension double-dipper. How about that – he’s getting $443,789 a year from California taxpayers!
“Los Angeles Councilman Bernard Parks, City Hall’s budget committee chief who is warning that soaring payroll and pension costs threaten the city’s financial stability, receives $22,000 a month in city retirement benefits, in addition to his $178,789 a year salary, records and interviews show.”
“While collecting one of the city’s biggest pensions– about $265,000 per year — plus a hefty city salary, he has overseen a contentious debate about which services and jobs to cut.
“I don’t discuss my salary or my pension and I earn both of them,” Parks said in a brief phone conversation.” http://www.latimes.com/news/local/la-me-parks-pension21-2009may21,0,7737972.story
1 response so far ↓
Penn // September 2, 2009 at 3:34 pm |
And the head of anti-crime in Los Angeles was arrested for threatening to get a guy killed… Typical.
This isn’t on topic, but you guys asked a while ago, what would Milton Friedman do in this crisis if he were still alive?
I think the libertarian Reason Magazine has your answer: exactly as Bernanke has done.
http://www.reason.com/news/show/135804.html