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The story goes much deeper than that. The public sector unions across California circulated a letter in each municipality that they would only support candidat
by throwaway_xx9 11y ago
The story goes much deeper than that.
The public sector unions across California circulated a letter in each municipality that they would only support candidates willing to approve 8% guaranteed annual pension returns.
And they got it. As a result, California cities are all bankrupt today.
FYI: San Jose is bad, but ironically wealthy Palo Alto has one of the worst budgets.