69 min listen
The Interview - Public Employee "Plunder" and California's Perfect Storm
The Interview - Public Employee "Plunder" and California's Perfect Storm
ratings:
Length:
48 minutes
Released:
Jun 27, 2020
Format:
Podcast episode
Description
Steve Greenhut, Western region director at R Street Institute and author of "Plunder: How Public Employee Unions are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation," joins Mike Green of Logica Capital Advisers to discuss his coverage of the political paralysis that surrounds the issue of pensions in California. He guides Mike on a deep-dive into the gargantuan public employee compensation complex and how that complex bleeds into every other aspect of California government spending. He argues that public employees have forced state and local governments into a corner wherein they cannot maintain their obligations because of the massive burden of pension disbursements and employee compensation. Due to a lack of transparency, pension assumptions based on guesswork, and legal precedent overturning democratic decisions, Greenhut says that the perfect storm that will surely "surprise" Californian politicians has been plain to see for longer than a decade.
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Released:
Jun 27, 2020
Format:
Podcast episode
Titles in the series (100)
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