Largest Long Beach city union agrees to deficit-shrinking pension reform
A long-sought pension reform package approved by the city's largest employee union shrinks next year's projected deficit by more than 33 percent.
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#1 Jan 11, 2013
Sadly, the City Comptroller said that these cuts won't be enough to prevent Long Beach from becoming insolvent. The politicians promised the Unions so much that it will drive Long Beach into Municipal Bankrutpcy within two years. Most Democratic voters cheer the impending Bankruptcy and thank their Party's politicians for keeping their commitment to leave absolutely nothing to their children and grand children but debt and chaos. It's just how they roll.
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