Guy W. Farmer

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September 30, 2012
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Guy W. Farmer: Why California is going broke

On a recent trip over to the other side of the Sierra Nevada I discovered one of the major reasons why the state of California is going broke: State and local officials are spending more money than they're taking in, especially on overly generous retirement packages for public employees. Sound familiar?

Sacramento Bee columnist Bruce Maiman drew attention to this problem last Tuesday when he wrote that "retirement is no longer a departure; it's an incentive." He used the sudden retirement of San Jose Police Chief Chris Moore to illustrate his point. "At his news conference, the 51-year-old Moore cited …

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The Nevada Appeal Updated Sep 30, 2012 01:42AM Published Sep 30, 2012 01:41AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.