If costs are not cut, the eventual result will be a huge rise in taxes when the pension funds run out of money. The burden will fall on private-sector employees, who do not qualify for such a gilded retirement. They will not be happy.The Economist,, June 15, 2013
CalPERS and STRS will run out of money soon if you and I don’t start paying more in taxes. Or City, County and State employees step up and reduce the cost of their retirementsto you and me.
Carissa Carpenter: Eccentric Studio Exec. or Genius of the Flim Flam?
6/14/13 -- Sacramento Bee investigative article takes a closer look at Carissa Carpenter who became known in Vallejo for her alleged efforts to open a movie studio on Mare Island. Carpenter is currently pushing another project in Dixon, CA, but the Sac. Bee article raises serious questions over Carpenter's past track record and legal action taken against her. Carpenter even implies malfeasance by former Vallejo City Manager Phil Batchelor. Good Grief!