Taps Coogan – June 25th, 2020
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Just days before the S&P 500 struck its pre-covid all-time high, Steve Greenhut, author of “Plunder: How Public Employee Unions are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation,” sat down with Real Vision in a detailed discussion of California’s out of control public pension system.
Mr. Greenhut goes through the ridiculous compensation packages, political paralysis, broken budgets, crumbling infrastructure, and unrealistic pension investment forecasts. All of it was just days prior to Covid-19 and the subsequent drop in markets and collapse in tax revenues.
If you want to know what’s coming to state and local governments near you, watch this:
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