Ever since the election, Liberals in California have been talking about seceding from the union.
There are lots of reasons why that won’t happen, but the biggest one is economics.
One of California’s biggest economic problems is public pensions.
The situation has reached a crisis point.
From FOX Business:
CalPERS Cuts Pension Benefits For First Time
The unthinkable just happened in Loyalton, California, a small remote city nestled high in the Sierra Nevada Mountains.
For the first time in its 85-year history, the California Public Employees Retirement System, CalPERS, is drastically cutting benefits for public retirees. Starting January 1st, four retired City of Loyalton public employees will have their pensions cut 60 percent. For 71-year-old Patsy Jardin, that means her pension will drop from about $49,000 a year to a little more than $19,000.
In an interview with the FOX Business Network, Patsy asked, “How am I going to make it now? What am I going to do?”
Fellow Loyalton retiree John Cussins is asking the same question since his pension will also drop 60 percent, to $1,523 a month.
Here’s a related video report:
As long as towns and cities in California can’t pay their bills, the state won’t be seceding from the union.
Liberals can dream all they want, but secession isn’t happening!
Share so everyone knows the truth!
Cross posted from American Lookout.